Clifford Chance has advised European lottery operator Allwyn on a EUR 335 million accordion facility with a syndicate of international banks. Allen & Overy reportedly advised the banks.
According to Clifford Chance, “a group of lenders has committed to providing Allwyn International with EUR 335 million of six-year term loans as accordion facilities under Allwyn International’s existing senior facilities agreement. Allwyn International will use the proceeds to finance the acquisition of the Camelot Lottery Solutions group of companies and for general corporate purposes.”
“This transaction will help us continue to grow our business, building on our successful EUR 1.6 billion syndicated bank financing in November 2022,” Allwyn CFO Kenneth Morton commented. “I am grateful to our existing lending partners for their continued support and pleased to welcome the new banks to the group.”
Clifford Chance’s team included Partner Milos Felgr, Senior Associate Vladimir Rylich, and Associate Tomas Kubala.