Allwyn International has entered a new €2.15 billion ($2.1 billion) senior facilities agreement with a syndicate of international banks.
The agreement features several elements. These include €400 million of amortising term loans, €900 million in bullet term loans, a €350 million multi-currency revolving credit facility, and a €500 million delayed drawdown term loan.
Allwyn intends to use the new funding for refinancing its existing €1.7 billion syndicated bank facility, of which €1.2 billion is currently drawn. The financing will also be used to support ongoing growth plans and general corporate purposes.
All facilities have a five-year maturity. Allwyn did not confirm the identity of the banks that are supporting the new agreement.
Allwyn CFO talks up strategy confidence
Kenneth Morton, chief financial officer of Allwyn, welcomed the new agreement. He said it shows the strength of the group’s forward strategy.
“I’m delighted with the level of interest that the transaction received, with the majority of existing banks upsizing their commitments and a further increase in the number of banks in our banking group,” Morton said.
“This syndication reflects the strength of our credit and confidence in our strategy. Our broad and diversified access to capital markets continues to allow us to achieve highly attractive pricing and terms across instruments and currencies.”
The agreement followed repricing of a US$ term loan B and debut € term loan B issuance earlier in 2025.
Allwyn sees revenue top €2.24 billion in Q1
The new financing also comes after a successful first quarter at Allwyn. For the three months to 31 March, revenue hit €2.24 billion. This surpassed the €2.11 billion in the same period last year – during which Allwyn took control of the UK’s National Lottery.
Revenue from gaming activities, recorded as GGR, was 7% higher at €2.15 billion. Online GGR hiked 15% year-on-year, representing 39% of overall GGR in Q1.
Group operating EBITDA was 1% lower year-on-year at €311.4 million. However, adjusted EBITDA increased by 1% to €362.3 million.
The Q1 results announcement also saw Allwyn make reference to another development that will likely drive further growth. In May, a successful bid from the LottoItalia consortium saw it secure the Italian Lotto licence. Allwyn will continue to work with the group as part of the deal.
In addition, Allwyn recently acquired a minority interest in Next Lotto, a licensed online reseller of draw-based games offered by state lotteries across Germany.
Allwyn will use the funding to refinance an existing facility and support growth plans while also for general corporate purposes.