Allwyn International together with its subsidiaries, joint ventures and associates has announced that it has successfully syndicated a €450 million fungible add-on to the Group’s existing €475 million E+300bps Term Loan B due 2032, upsized from the initial €300 million offering.

Proceeds will be used to repay outstanding drawings under Allwyn’s revolving credit facility and for general corporate purposes.

Kenneth Morton, Allwyn CFO, commented: “I am very pleased to have successfully syndicated an add-on to our Euro TLB, with the strength of demand and significant upsizing underlining investors’ appreciation of Allwyn’s strategic and financial momentum.

We are continuing to focus on execution of our organic and inorganic growth strategies, while maintaining a prudent approach to our capital structure.”