Clifford Chance, has advised Allwyn International on a EUR 600 million offering of senior secured notes bearing interest at 4.125%, issued by its wholly owned subsidiary Allwyn Entertainment Financing. Milbank advised Allwyn as well. Cravath, Swaine & Moore reportedly advised on the matter as well.
Allwyn is a multinational lottery operator with brands in Austria, the Czech Republic, Greece, Cyprus, Italy, the United Kingdom, and Illinois in the United States.
According to Clifford Chance, proceeds will be used to redeem in full the outstanding EUR 500 million 3.875% senior secured notes due 2027 and to partially repay the 7.875% senior secured notes due 2029 and the 7.250% senior secured notes due 2030, including accrued interest and associated transaction costs.
The Clifford Chance team included Managing Partner Milos Felgr, Senior Associate Vladimir Rylich, Associate Tomas Kubala, and Junior Lawyer Radek Sikora.
