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Allwyn Announces €335M Accordion Loan Facilities
Allwyn, Europe’s leading lottery operator, has entered into €335m of accordion loan facilities with a syndicate of international banks. A group of lenders has committed to provide Allwyn International a.s. (Allwyn International) €335m of 6 year term loans as accordion facilities under Allwyn International’s existing senior facilities agreement.
Allwyn International will use the proceeds to finance the acquisition of the Camelot Lottery Solutions group of companies and for general corporate purposes.
The syndicate includes existing and new lenders.
The liabilities under the accordion facility will rank pari passu with the existing debt of Allwyn International and Allwyn Entertainment Financing (UK) plc under the existing intercreditor agreement.
Kenneth Morton, CFO of Allwyn, said: “This transaction will help us continue to grow our business, building on our successful €1.6bn syndicated bank financing in November 2022. I am grateful to our existing lending partners for their continued support and pleased to welcome the new banks to the group.”
UniCredit acted as Global Coordinator. Clifford Chance acted as Allwyn’s legal counsel and Allen & Overy as lenders’ legal counsel.
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“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.
“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.
The International Gaming Standards Association (IGSA) has welcomed Sharp Vision as a new Silver member. Sharp Vision is a leading provider of regulatory turnkey solutions for gaming authorities.
“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.
“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.
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