Clifford Chance Prague Association advises Allwyn on successful EUR term loan B syndication and add-on to its existing USD term loan B

Clifford Chance Prague Association has provided legal services to Allwyn, a leading multi-national lottery operator, in connection with the successful syndication of a new seven-year EUR 475 million term loan B facility (“TLB”) and the USD 75 million fully fungible add-on to its existing USD TLB due in 2031.

Our legal team has advised on Czech and English law matters in relation to both instruments and coordinated cooperation with local counsel in Switzerland, Cyprus and Austria. Allwyn will allocate the proceeds from both the new facility and the add-on toward the repayment of existing debt, general corporate purposes, and transaction-related costs.

"We're proud to have been part of this successful transaction and are looking forward to continue supporting Allwyn as they grow and pursue new strategic opportunities," commented Miloš Felgr, Managing partner at Clifford Chance Prague Association

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

The legal team working on the transaction was led by managing partner Miloš Felgr with support from senior associate Vladimír Rýlich, associate Tomáš Kubala and junior lawyer Radek Sikora.