Elias Neocleous & Co LLC Advises on EUR 2 Billion Cross-Border Financing for Allwyn
Elias Neocleous & Co LLC has advised on a landmark cross border financing of Allwyn exceeding EUR 2 billion including the issuance of senior secured notes
Elias Neocleous & Co LLC has advised in connection with the issuance of €550,000,000 aggregate principal amount of senior secured notes due 2031 by Allwyn.
The notes were issued pursuant to an indenture dated 20 February 2026 among the issuer, Allwyn International AG as parent company, Kroll Trustee Services Limited, The Bank of New York Mellon, London Branch and The Bank of New York Mellon SA/NV, Dublin branch.
The €550 million issuance forms part of the Allwyn group’s broader financing programme together with the syndication of EUR 1.5 billion term loan supporting its strategic growth initiatives, refinancing activities and ongoing corporate transactions across multiple jurisdictions. Structured under a high-yield covenant framework customary for European debt capital markets offerings, the offering also provides flexibility for the potential issuance of additional notes under the same terms.
Allwyn is a multinational gaming entertainment company, lottery-led, with leading market positions and trusted brands across Europe including Cyprus and North America. Its purpose is to make play better for all by focusing on innovation, technology, player safety and increasing returns to good causes across its growing casual gaming entertainment portfolio.
This transaction further demonstrates our firm’s strong capabilities in cross-border debt capital markets transactions and our continued involvement in complex, multi-jurisdictional financing structures working on this transaction inter alios along Clifford Chance Prague.
The Elias Neocleous team was led by the managing partner Elias Neocleous, with support from partner Demetris Rotis and associate Theodora Alexandrou.
