The banks have committed to provide the Company with a €500 million six-year term loan as an accordion facility under its existing Senior Facilities Agreement. Allwyn will use the proceeds to finance its planned investment in Instant Win Gaming, announced in February 2024, to repay outstanding indebtedness, 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 the Company and Allwyn Entertainment Financing (UK) plc, under the existing intercreditor agreement.

Concurrent with signing the Accordion Facility, the Company is cancelling £188.8 million of undrawn commitments under a £380.0 million multi-purpose facility available under the Senior Facilities Agreement.

Kenneth Morton, Allwyn CFO, said:

"This transaction will support the continued execution of our organic and inorganic growth strategies as well as optimising our cost of capital. I am grateful to our existing lending partners for their continued support and pleased to welcome several new banks to the group.”

UniCredit acted as Global Coordinator. Clifford Chance acted as Allwyn’s legal advisor and Allen & Overy as lenders’ counsel.

ENDS

Notes to editors

Naming conventions

Allwyn International a.s. (the “Company” or “Allwyn”), a leading multi-national lottery operator, is a subsidiary of Allwyn AG.

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About Allwyn

Allwyn is a leading multi-national lottery operator. Allwyn builds better lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands in Austria, the Czech Republic, Greece, Cyprus, Italy, the United Kingdom, and the United States (Illinois).

Forward-Looking Statements

This announcement may include forward-looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operation, financial condition, liquidity, prospects, growth, strategies, pending acquisitions or other transactions, financing plans and the industries in which we operate. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as “may,” “could,” “should,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “assume,” “believe,” “plan,” “seek,” “continue,” “target,” “goal,” “would” or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that Allwyn’s actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past results or developments may not be indicative of results or developments in future periods.

We do not undertake any obligation to review, update or confirm expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this document.