Lottery operator Allwyn has relocated its subsidiary, Allwyn International, from the Czech Republic to Switzerland.
As of 1 October, Allwyn International has become a Swiss entity, operating under the new name Allwyn International AG, with its place of business now based in Switzerland.
As part of this transition, Allwyn has transferred its €500m [$549m] 3.875% senior secured notes, due 2027, to Allwyn Entertainment Financing (UK) Plc, which is now the issuer of these notes. The UK-based entity is also the issuer and borrower of other bonds and loans for the company.
Allwyn International AG will serve as a guarantor for the 2027 notes, maintaining the collateral and guarantee structure outlined in the company’s intercreditor agreement.
