Allwyn International has announced that Allwyn Entertainment Financing (UK) plc has closed its previously announced offering of €550 million 4.625% senior secured notes due 2031 at an issue price of 100%.

As previously announced, the aggregate principal amount of Notes was increased from the initially announced Offering size of €500 million. This follows the pricing of its new fungible add-on of €100 million to its existing €925 million E+300bps senior secured term loan B due 2032 (the “EUR TLB Add-on”) on 12 February 2025.

The proceeds from the Notes, together with borrowings under the EUR TLB Add-on, will be used to fund in full the €456 million cash compensation payable to shareholders of OPAP S.A. who, following OPAP’s extraordinary general meeting held on 7 January 2026, exercised their exit right to dispose of their shares in OPAP for cash consideration of €19.04 per share (the “Cash Exit Payment”), (ii) to pay certain costs, fees and expenses incurred in connection with the Offering, the EUR TLB Add-on, the business combination with OPAP and related transactions, (iii) to repay indebtedness under the Company’s revolving credit facility, and (iv) for general corporate purposes.

Kenneth Morton, Allwyn CFO, commented:“We are pleased by the strength of investor demand for the transaction in both the bond and institutional loan markets, once again underscoring confidence in the Allwyn business as well as the strategic and financial benefits of the Allwyn–OPAP combination and the listing of the combined entity.

We continue to look forward to closing the combination and are excited about the prospects of the combined Allwyn business.”