debt
confidence high
sentiment neutral
materiality 0.65
Light & Wonder subsidiary prices $1B of 6.250% senior notes due 2033
Light & Wonder, Inc.
- Subsidiary Light and Wonder International prices $1B of 6.250% senior unsecured notes due 2033 at 100%.
- Proceeds to repay $700M of outstanding 7.000% notes due 2028 and revolver borrowings; remaining for general corporate purposes incl. equity repurchases.
- Notes guaranteed by Light & Wonder and certain subsidiaries; expected to close September 24, 2025.
- Offering is private under Rule 144A and Regulation S; not registered under Securities Act.
item 7.01item 9.01