Clifford Chance

Clifford Chance advises Allwyn in relation to offering of Senior Secured Notes

Clifford Chance has advised Allwyn, Europe’s leading lottery operator, in relation to €665 million in aggregate principal amount of 7¼% Senior Secured Notes due 2030 and $700 million in aggregate principal amount of 7⅞% Senior Secured Notes due 2029.

The proceeds will be used to redeem in full the €300 million in aggregate principal amount outstanding under 2024 Senior Secured Notes, to repay the preferred shares issued by Allwyn AG, to repay some drawings under the revolving credit facility and fund other general corporate purposes.

Miloš Felgr, Partner at Clifford Chance, commented: “We are proud to have been involved in this successful transaction and look forward to continuing to support Allwyn in their future endeavours.”

The team from Clifford Chance working on this transaction was led by Partner Miloš Felgr with support from Senior Associate Hana Čekalová and Associate Tomáš Kubala.