Refinancing of Banking Facilities
Winvia Entertainment PLC has secured a new £33 million three-year term loan facility with Barclays Bank, replacing its existing Eurobank agreement, and has also obtained a £5 million revolving acquisition facility with an option to increase it by a further £15 million. This refinancing is expected to provide the Group with enhanced flexibility to pursue its growth strategy, particularly within the fragmented UK prize draw sector, and complements its strong balance sheet which reported a net cash balance of approximately £31.8 million as of June 30, 2026.
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Winvia Entertainment (AIM: WVIA), a technology-led entertainment business, focused on prize draw and online gaming, announces that it has entered into a new £33 million 3-year term loan agreement with Barclays Bank ("Barclays") which will replace its existing banking facility with Eurobank.
Alongside the term loan, Barclays is providing the Company with a £5 million revolving acquisition facility, with an uncommitted accordion option to increase this by up to a further £15 million.
The Board believes that the new banking facilities have been secured on attractive terms and will provide the Group with increased flexibility to deliver its stated growth strategy. The Company has a strong balance sheet and as at 30 June 2026, had a net cash balance of c.£31.8 million.
Simon Hay, Chief Financial Officer, commented:
"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."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.