Winvia announces refinancing of banking facilities, aims at expansion
(Alliance News) - Winvia Entertainment PLC on Tuesday said it has entered a GBP33 million three-year term loan agreement with Barclays Bank to replace its existing loan with Eurobank, aiming to increase its flexibility to grow in the market.
Alongside the term loan, Barclays is providing a GBP5 million revolving acquisition facility. The agreement includes an uncommitted accordion option to increase the total loan amount by GBP15 million.
Winvia, which operates prize draws in the UK and online gaming and casinos in Romania, said the new facilities have been secured "on attractive terms".
Winvia Chief Financial Officer Simon Hay said: "The refinancing with Barclays establishes a secure, long term capital structure with low leverage. Alongside our very healthy net cash position, the new facilities provide substantial funding capability to execute on our pipeline of consolidation opportunities within the fragmented UK prize draw sector."
The company reported a net cash balance of around GBP31.8 million at June 30.
Winvia shares closed down 1.7% at 237.00 pence on Tuesday in London.
By Camilla Borri, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for October
The 10 Best Companies to Invest in Now
3 Stocks to Invest In With More Room to Run
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
United States