{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-094510","form_type":"8-K","ticker":"LNWO","cik":"0000750004","company_name":"Light & Wonder, Inc.","filed_at":"2023-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.596652+00:00","generated_at":"2026-06-11T05:11:31.627611+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"LNW subsidiary issues $550M 7.500% notes due 2031 to refinance 8.625% notes due 2025","bullets":["Light and Wonder International issued $550M 7.500% senior unsecured notes due 2031 at 100% of par.","Net proceeds, plus cash on hand, will redeem all $550M of outstanding 8.625% senior notes due 2025.","Interest rate drops by 1.125%, reducing annual interest expense.","Notes are guaranteed on a senior unsecured basis by Light & Wonder and certain subsidiaries.","Private offering to QIBs and non-U.S. persons under Rule 144A and Regulation S."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-094510","json":"https://secwatch.observer/filing/0001104659-23-094510.json","markdown":"https://secwatch.observer/filing/0001104659-23-094510.md","text":"https://secwatch.observer/filing/0001104659-23-094510.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/750004/000110465923094510/0001104659-23-094510-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/750004/000110465923094510/tm2324367d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T05:11:31.627611+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb5915a6c26a4b03a3305b74d7ac32a764170e65","claim":"Light & Wonder, Inc. entered into Indenture with Deutsche Bank Trust Company Americas valued at $550,000,000 aggregate principal amount of 7.500% senior unsecured notes due 2031 (effective 2023-08-23).","evidence_excerpt":"On August 23, 2023, Light and Wonder International, Inc. (“ LNWI ”), a wholly owned subsidiary of Light & Wonder, Inc. (the “ Company ”), issued $550.0 million in aggregate principal amount of senior unsecured notes due 2031 (the “ Notes ”) in a private offering to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act ”), and to non-U.S. persons under Regulation S under the Securities Act.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/750004/000110465923094510/0001104659-23-094510-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Deutsche Bank Trust Company Americas"},{"label":"Value","value":"$550,000,000 aggregate principal amount of 7.500% senior unsecured notes due 2031"},{"label":"Effective","value":"2023-08-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}