Light & Wonder refinances $2.16B in term loans, reduces margin to SOFR+2.25%

Light & Wonder, Inc.

Created new $2,161,582,500 Term B-2 loan tranche due April 14, 2029, replacing existing Term B-1 loans.
Applicable margin on SOFR-based term loans reduced to 2.25% per annum (from prior margin).
JPMorgan Chase provided an additional $88,145,194.70 commitment as Term B-2 lender.
Cashless conversion of existing Term B-1 loans held by consenting lenders into Term B-2 loans.
No new financial covenant added; existing covenants and collateral arrangements reaffirmed.

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