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A&O acts as lenders’ counsel on EUR1.6bn senior financing for Allwyn

Allen & Overy announced today that it has represented UniCredit Bank Czech Republic and Slovakia, a.s. and other banks on the EUR 1.6 billion financing of Allwyn, a leading global lottery operator.

Under this transaction Allwyn International a.s. (Allwyn) established a multi-currency term, revolving and guarantee facilities to be used to (i) refinance existing indebtedness (including the previous syndicated facilities and the guarantee facility), (ii) provide term financing for upfront costs ahead of the start of the UK’s Fourth National Licence, and (iii) fund its general corporate purposes. The facilities are documented under a facilities agreement, which is incorporated into the existing financing structure of Allwyn through the accession of the lenders under the facilities to the existing intercreditor agreement.

The A&O team working on the transaction was led by London-based partner Jan Skuhravý working with senior associates Ryan Sarsfield and Jana Maršálková, as well as with Prague-based team consisting of partner Petr Vybíral and associate Josef Pavlíček.

We are delighted to have supported the lenders on this important transaction and are pleased to continue to develop our long-standing relationship with Allwyn and its lenders established over the years of advising on Allwyn’s funding transactions.

Jan Skuhravý, Partner