Allwyn has secured an additional €2.15bn (£1.85bn) in funding from a syndicate of international banks as part of a senior facilities agreement.
Lenders, under the agreement, will contribute €400m of amortising term loans, alongside €900m of bullet term loans.
A further €350m multi-currency revolving credit facility and a €500m delayed drawdown term loan are also included in the package.
The proceeds will be used to refinance Allwyn’s existing €1.7bn syndicated bank facility, of which €1.2bn is currently drawn.
Additionally, the funds will also help the multi-national lottery operator support its growth ambitions, with the company noting the financial boost will also be deployed for “general corporate purposes”.
Kenneth Morton, Allwyn CFO, said: “I’m delighted with the level of interest that the transaction received, with the majority of existing banks upsizing their commitments and a further increase in the number of banks in our banking group.
“This syndication reflects the strength of our credit and confidence in our strategy. Our broad and diversified access to capital markets continues to allow us to achieve highly attractive pricing and terms across instruments and currencies.
“Following the successful repricing of our USD Term Loan B and debut EUR Term Loan B issuance earlier this year, this transaction is another step forward in our proactive management of our capital structure, reducing our interest costs and further extending our maturity profile.”
In other Allwyn news, last month the group recorded €2.2bn for the opening quarter of 2025, marking a 6% year-on-year (YoY) rise when pitted against Q1 2024.
While Allwyn boasts a presence across several European markets, including Czechia, Greece, Cyprus, Italy and the UK.
In May, Allwyn was named as one of the companies forming the LottoItalia consortium that successfully bid for Italy’s national lottery licence.
The consortium, which is being spearheaded by IGT, will remain the licence holder until 2034.
The post Allwyn lands €2.15bn funding boost from international bank syndicate first appeared on EGR Intel.
Multi-national lottery operator notes that some of the additional capital will go towards company’s growth plans as CFO hails level of interest from investors
The post Allwyn lands €2.15bn funding boost from international bank syndicate first appeared on EGR Intel.