It will operate Britain's National Lottery from February 2024. ($1 = 0.9119 euros) (Reporting by Jan Lopatka Editing by Mark Potter)
Messaging: jan.lopatka.thomsonreuters.com@reuters.net)) PRAGUE, April 18 (Reuters) - Lottery operator Allwyn
International said on Tuesday it had launched an offering of up
to an equivalent of 1.3 billion euros ($1.4 billion) of euro and
dollar denominated debt.
The offering combines euro and U.S. dollar-denominated
senior secured notes and euro-denominated senior secured
floating rate notes, it said.
Proceeds will be used to repay 300 million euros of 4.125%
notes due in 2024, repay preferred shares issued by Allwyn's
parent firm, along with 180 million euros of a revolving credit
facility and cover general corporate purposes.
Allwyn, owned by the KKCG group of Czech billionaire Karel
Komarek, operates lotteries in Austria, Czech Republic, Greece,
Cyprus, and Italy, as well as the Illinois Lottery in the United
States.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.