• Allwyn International has finalised a new €2.15 billion senior facilities agreement with a syndicate of international banks.
• The funding is designated for refinancing an existing €1.7 billion facility and to support the company’s ongoing expansion plans.
• The financing package features a combination of term loans, a multi-currency revolving credit facility, and a delayed drawdown loan, all with a five-year maturity.
• The agreement follows a robust first quarter for Allwyn, which saw group revenue climb to €2.24 billion.
• Chief Financial Officer Kenneth Morton stated the deal reflects strong market confidence in Allwyn’s corporate strategy.

Details of the Financing Agreement

Allwyn International has successfully established a new €2.15 billion senior facilities agreement, strengthening its financial position for the medium term. The comprehensive package is composed of €400 million in amortising term loans, €900 million in bullet term loans, a €350 million multi-currency revolving credit facility, and a significant €500 million delayed drawdown term loan.

The primary purpose of this new facility is to refinance the company’s existing €1.7 billion syndicated bank facility, of which €1.2 billion is currently drawn. The remaining capital is allocated to support the operator’s strategic growth initiatives and for general corporate purposes. All components of the new agreement have a five-year maturity, providing stable, long-term financing.

A Reflection of Market Confidence

Kenneth Morton, Chief Financial Officer of Allwyn, commented on the successful syndication, viewing it as a clear endorsement of the company’s direction. “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 noted.

He added, “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 deal follows the successful repricing of a US dollar term loan B and a debut euro term loan B issuance earlier in the year.

Underpinned by Strong Operational Performance

This major financing move comes on the back of a successful first quarter in 2025. Allwyn reported group revenue of €2.24 billion for the three months ending 31st March, an increase from the €2.11 billion posted in the corresponding period last year, which notably included the first full quarter of operating the UK’s National Lottery.

Gross Gaming Revenue (GGR) saw a 7% year-on-year increase to reach €2.15 billion. The online segment was a key driver of this performance, with online GGR increasing by 15% and now accounting for 39% of the group’s total GGR. While group operating EBITDA saw a marginal 1% dip to €311.4 million, adjusted EBITDA rose by 1% to €362.3 million, indicating solid underlying profitability.

Further bolstering its growth outlook, Allwyn is involved in the LottoItalia consortium which recently secured the Italian Lotto licence. Additionally, the company has acquired a minority interest in Next Lotto, an online reseller of state lottery games in Germany.