Allwyn has secured €2.15bn in funding from a syndicate of international banks which it says will be used, in part, to support growth plans.
Lenders under a Senior Facilities Agreement have contributed €400m of amortising term loans, €900m of bullet term loans, a €350m multi-currency revolving credit facility and a €500m delayed drawdown term loan.
Allwyn said the money will be used to refinance its existing €1.7bn syndicated bank facility, €1.2bn of which has so far been drawn.
The funds will also support growth plans and will be used for “general corporate purposes.”
"I’m delighted with the level of interest that the transaction received, with the majority of existing banks upsizing their commitments and a further increase in the number of banks in our banking group,” said Kenneth Morton, Allwyn’s chief financial officer.
