debt
confidence high
sentiment positive
materiality 0.60
Light & Wonder ups revolving credit facility to $1.0B, extends maturity to 2030, reduces margins
Light & Wonder, Inc.
- Revolving commitments increased to $1.0B from $750M; maturity extended to Feb 10, 2030.
- Interest margin on benchmark-rate loans reduced to between 1.50% and 2.00% per annum.
- Additional $250M in supplemental revolving commitments added as part of amendment.
- Existing term loans ($500M+) may trigger earlier maturity if not repaid.
- Multiple lenders including JPMorgan, Bank of America, BNP Paribas provided commitments.