Light & Wonder subsidiary proposes $1B senior notes offering to refinance 2028 notes

Light & Wonder, Inc.

Light and Wonder International proposes $1B senior unsecured notes due 2033; no coupon disclosed.
Net proceeds to repay revolver, redeem all $700M of 7.000% senior notes due 2028, plus fees.
Remaining proceeds for general corporate purposes including potential equity repurchases.
Notes guaranteed by Light & Wonder on senior unsecured basis; private offering under Rule 144A/Reg S.

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