---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-080590"
form_type: "8-K"
ticker: "LNWO"
cik: "0000750004"
company_name: "Light & Wonder, Inc."
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:20:07.100410+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-080590
- form_type: 8-K
- ticker: LNWO
- cik: 0000750004
- company_name: Light & Wonder, Inc.
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750004/000110465924080590/0001104659-24-080590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750004/000110465924080590/tm2419637d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-080590
- JSON: https://secwatch.observer/filing/0001104659-24-080590.json
- Plain text: https://secwatch.observer/filing/0001104659-24-080590.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.