Allwyn Secures €2.15 Billion Financing to Drive Growth and Overcome Challenges
Allwyn Secures Major Funding for Expansion and Debt Refinancing
Allwyn International AG has successfully raised a €2.15 billion financing package with the support of an international group of leading banks. This significant capital injection is a key part of the companys long-term growth plans. The funding includes a mix of term loans and a revolving credit facility, all with a maturity of five years, and will support Allwyn in addressing some immediate operational challenges while fueling its expansion efforts.
Details of the Financing and Its Strategic Importance
The fresh capital primarily aims to refinance existing debt and free up resources to invest in growth and operational enhancements across Allwyns global lottery operations. The €2.15 billion package is composed of €400 million in amortizing term loans, €900 million in bullet term loans, a €350 million revolving credit facility, and a €500 million delayed drawdown facility.
This arrangement replaces a previous syndicated loan of €1.7 billion, which had €1.2 billion drawn. The new terms include a margin reduction of 150 basis points, highlighting the increased confidence from lenders in Allwyns credit strength. CFO Kenneth Morton commented on the strong interest from both existing and new banking partners in the financing deal.
I am very pleased with the enthusiastic support this transaction received. Our access to diverse capital markets allows us to secure competitive pricing and flexible terms across products and currencies.
Kenneth Morton, CFO of Allwyn
Global Growth Ambitions Supported by New Funding
The additional funds will be crucial in supporting Allwyns aspirations to expand internationally. The company operates in multiple regions including Austria, the Czech Republic, Greece, Italy, the United Kingdom, and Illinois in the United States. Its business model centers on securing long-term concession contracts while modernizing operations to offer responsible and affordable gaming options.
Addressing Challenges and Enhancing Core Operations
Beyond growth, the funding will help Allwyn tackle some ongoing issues, especially in the UK market. The company acknowledged in its recent annual report that it fell short of a development milestone related to its role as the new operator of the UK National Lottery. These setbacks appear linked to delays in modernizing outdated technical systems, which have limited product innovation.
Allwyn holds the UK National Lottery license through 2034, which is a centerpiece of its European business portfolio. The company is committed to a comprehensive overhaul of both retail and digital lottery systems despite the increased costs involved.
Management views these challenges as necessary transitional phases on the path to sustainable, long-term success. In a rapidly evolving gaming market driven by digital transformation and regulatory changes, Allwyn remains steadfast in its priorities. The new financing will enable the company to strengthen its technology infrastructure, promote responsible growth, and maintain disciplined capital deployment.
