secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0000750004-22-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Light & Wonder Q2 revenue $610M (+5% YoY); net debt leverage cut to 3.6x; elects new director
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- Q2 consolidated revenue from continuing ops $610M, up 5% YoY; net debt leverage ratio reduced to 3.6x.
- Closed sale of Lottery business for $5.7B gross proceeds; paid down $4.9B of debt in quarter.
- Repurchased $203M of shares in Q2, representing 27% of total buyback authorization.
- Elected Stephen Morro to board effective Aug 9, 2022; receives 10,000 stock options and $400K immediate-vest RSUs.
- Principal face value of debt outstanding reduced to $4.0B; strong financial flexibility highlighted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000075000422000024/0000750004-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000075000422000024/sgms-20220804.htm
  HTML page:      https://secwatch.observer/filing/0000750004-22-000024

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