Allwyn Investor Conference Presentation Deck
Key financing transactions
Continuing to pay down opco debt and extend maturity profile, benefiting from access to diversified sources of funding
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In Q1, transfer and partial repayment of Czech bonds
Holders of CZK 6.0 billion bonds ("Czech Bonds") approved their transfer from Allwyn International a.s. to Allwyn Financing Czech Republic 2 a.s., a 100%-
owned subsidiary of Allwyn International a.s.
Bondholders who either voted against the transfer or abstained were eligible to exercise an early repayment option at par
Put option was exercised by 51% of bondholders, representing a nominal value of CZK 3.1 billion. Remaining CZK 2.9 billion of bonds remain outstanding
In February and March 2023, €132.6m term loan was drawn under the syndicated bank loan to repay the bondholders who exercised their put right. This
amount was drawn under the €303m facility earmarked for refinancing of 2024 maturities, the remainder of the facility remains available
In Q1, signed €335m accordion facilities due 2029 which were drawn between March and August (the end of its availability period)
Proceeds were used to finance the Camelot US acquisition and for general corporate purposes
In April, issued €665m of 7.250% senior secured notes due 2030 and $700m of 7.875% senior secured notes due 2029 (€1.3bn equivalent)
$600m of 7.875% senior secured notes were swapped to Euros at a rate of 7.01% (excluding credit charges)
Proceeds were used to: (i) redeem in full the €300m 4.125% senior secured notes due 2024; (ii) repay all outstanding drawings of €180m under the revolving
credit facility; and (iii) fund a €600m distribution to parent, Allwyn AG, (alongside a loan of €51.5m) to repay the preferred shares issued by Allwyn AG and
held by funds advised by Apollo Global Management Inc.
The transaction helps:
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Further diversify funding sources;
Extend the debt maturity profile (no material upcoming maturities until 2027);
Strengthen the group's liquidity; and
Further simplify the corporate and financing structure
In June, Allwyn International provided a €200m loan to its parent company Allwyn AG, for further distribution to its shareholder
In November, Allwyn International provided a further €127m loan to its parent company Allwyn AG, of which €100m for further distribution to its shareholder and
€27m for a true-up payment to Apollo
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