Light & Wonder amends credit agreement; creates $2.167B term loans due 2029 with lower margins

On January 16, 2024, Light and Wonder International, Inc. (“ L&WI ”), a Delaware corporation and wholly owned subsidiary of Light & Wonder, Inc., a Nevada corporation (the “ Company ”), entered into Amendment No. 1 (“ Amendment No. 1 ”) to the Credit Agreement dated April 14, 2022 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “ Credit Agreement ”), by and among the Company, L&WI, the several banks and other financial institutions or entities from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, issuing lender and swingline lender (as amended, supplemented, amended and restated or otherwise modified from time to time, the “ Credit Agreement ”). Amendment No. 1, among other things, (i) creates a new tranche of $2,167.0 million term loans under the Credit Agreement due April 14, 2029 to replace the existing term loans and (ii) reduces the applicable margin for the term loans bearing interest