Light & Wonder secures US$2.13bn in new term loans

The aim of the new credit agreement is to replace term loans to reduce the margin applied to them.

Australia.- The casino technology group Light & Wonder Inc has raised a new US$2.13bn tranche of term loans under its existing credit facility with a maturity date of April 2029. The financing, which also covers the wholly owned subsidiary Light & Wonder International Inc, is backed by multiple banks and financial institutions, led by JPMorgan Chase Bank as administrative agent, collateral agent, issuing lender and swingline lender.

The funding will go toward repaying outstanding debt. In its filing with the Australian Securities Exchange, Light & Wonder said the aim of the new credit agreement is to replace current term loans to reduce the margin. The new tranche provides a 0.25 percentage-point cut in annual interest rates.

For the three months ended September 30, 2025, Light & Wonder reported liabilities of nearly US$5.79bn, up 20.9 per cent from US$4.79bn at the close of 2024. The firm’s net income for the period rose 78.1 per cent year-on-year to US$114m. Revenue increased 2.9 per cent to US$841m.

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The aim of the new credit agreement is to replace term loans to reduce the margin applied to them. Australia.- The casino technology group Light & Wonder Inc has raised…