---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-088901"
form_type: "8-K"
ticker: "LNWO"
cik: "0000750004"
company_name: "Light & Wonder, Inc."
filed_at: "2025-09-10T23:59:59+00:00"
generated_at: "2026-05-17T07:10:23.472801+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-088901
- form_type: 8-K
- ticker: LNWO
- cik: 0000750004
- company_name: Light & Wonder, Inc.
- filed_at: 2025-09-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750004/000110465925088901/0001104659-25-088901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750004/000110465925088901/tm2525678d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-088901
- JSON: https://secwatch.observer/filing/0001104659-25-088901.json
- Plain text: https://secwatch.observer/filing/0001104659-25-088901.txt

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