secwatch.observer — SEC 8-K summary
======================================

Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001104659-24-004177
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- New $2,167M Term B-1 Loans due April 14, 2029 replace existing term loans.
- Applicable margin reduced to 2.75% for benchmark (SOFR) loans and 1.75% for ABR loans.
- JPMorgan Chase provided additional $86.4M commitment as Additional Term B-1 Lender.
- Proceeds used to refinance existing term loans and pay accrued interest; guarantee and collateral reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000110465924004177/0001104659-24-004177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000110465924004177/tm243442d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-004177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer