debt
confidence high
sentiment positive
materiality 0.85
Light & Wonder amends credit agreement, adds $2.13B term loan due 2029, reduces interest margin
Light & Wonder, Inc.
- Amendment No. 4 creates a new $2,134,562,718.75 tranche of term loans maturing April 14, 2029.
- The amendment reduces the applicable margin on benchmark-rate term loans to 2.00% and on ABR loans to 1.00%.
- Proceeds from the new term loans will be used to repay existing Term B-2 loans and related interest.
- JPMorgan Chase provided an additional $112,997,231.34 commitment under the amendment.
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