Allwyn International AG today announced the successful syndication of a new seven-year EUR 475 million term loan B facility , with Allwyn Entertainment Financing (UK) plc as borrower, under a new senior facility agreement, as well as a USD 75 million fully fungible add-on to its existing USD TLB due 2031.

The new EUR term loan B facility will bear interest at EURIBOR plus 300 bps. It will rank pari passu with the existing debt of Allwyn, Allwyn Entertainment Financing (UK) Plc and Allwyn Entertainment Financing (US) LLC, under the existing intercreditor agreement.

Proceeds from the new facility and add-on will be used to repay existing indebtedness, for general corporate purposes and to pay transaction fees and expenses.

Kenneth Morton, Allwyn CFO, commented “With our debut issuance in the EUR institutional TLB market we have further diversified our access to capital, extended our maturity profile and achieved significant cost savings.

I am very pleased that with this transaction we have once again demonstrated the strength of investor support for our credit story on both sides of the Atlantic, as well as our continued focus on optimising the diversification, resilience and efficiency of our capital structure.”