{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-005821","form_type":"8-K","ticker":"LNWO","cik":"0000750004","company_name":"Light & Wonder, Inc.","filed_at":"2026-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.639125+00:00","generated_at":"2026-05-16T09:09:23.353259+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Light & Wonder amends credit agreement, adds $2.13B term loan due 2029, reduces interest margin","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-005821","json":"https://secwatch.observer/filing/0001104659-26-005821.json","markdown":"https://secwatch.observer/filing/0001104659-26-005821.md","text":"https://secwatch.observer/filing/0001104659-26-005821.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/750004/000110465926005821/0001104659-26-005821-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/750004/000110465926005821/tm263809d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-16T09:09:23.353259+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2055ab15f7b61beb3efdb8f126a9ddcb9e5dbc49","claim":"Light & Wonder, Inc. amended Credit Agreement with JPMorgan Chase Bank, N.A. valued at New tranche of $2,134,562,718.75 term loans; interest rate reductions to 2.00% (term benchmark) and (effective 2026-01-22).","evidence_excerpt":"On January 22, 2026, Light and Wonder International, Inc. (\" L&WI \"), a Delaware corporation and wholly owned subsidiary of Light & Wonder, Inc., a Nevada corporation (the \" Company \"), entered into that certain Amendment No. 4 (\" Amendment No. 4 \") to the Credit Agreement dated April 14, 2022 by and among the Company, L&WI, the several banks and other financial institutions or entities from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, issuing lender and swingline lender (as amended by the Amendment No. 1, dated as of January 16, 2024, as further amended by the Amendment No. 2, dated as of July 17, 2024, as further amended by the Amendment No. 3, dated as of February 10, 2025, and as further amended, supplemented, amended and restated or otherwise modified from time to time, the \" Credit Agreement \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/750004/000110465926005821/0001104659-26-005821-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"New tranche of $2,134,562,718.75 term loans; interest rate reductions to 2.00% (term benchmark) and"},{"label":"Effective","value":"2026-01-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}