secwatch.observer — SEC 8-K summary
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Issuer:     Light & Wonder, Inc. (LNWO)
CIK:        0000750004
Form:       8-K
Filed at:   2025-05-16T23:59:59+00:00
Accession:  0001104659-25-050011
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Light & Wonder completes $850M acquisition of Grover Gaming, financed with $800M term loan
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- Acquired Grover Gaming charitable gaming business for $850M cash, plus up to $200M four-year earn-out.
- Entered $800M Term Loan A facility maturing May 2028, secured by assets and guaranteed.
- Loan pricing: Adjusted Term SOFR +1.75% or base rate +0.75%; amortizes quarterly.
- Proceeds used to finance acquisition; first amortization payment due Sep 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750004/000110465925050011/0001104659-25-050011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750004/000110465925050011/tm2515308d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-050011

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