Light & Wonder, Inc. announced the pricing of $1 billion in senior unsecured notes due 2033.
The offering is intended to repay outstanding borrowings, redeem existing notes, and for general corporate purposes.
The notes will be guaranteed by Light & Wonder and some subsidiaries, without being secured.
Note Offering Details
$1 billion in senior unsecured notes due 2033 at an issue price of 100.000%.
Use of Proceeds
Repay outstanding borrowings, redeem $700.0 million of existing notes, and for general corporate purposes.
Closing Date
Expected to close on September 24, 2025.
- The pricing of the notes indicates Light & Wonder's strategy to strengthen its financial position and manage debt effectively.
- The issuance of senior unsecured notes provides insight into the company's planned financial activities and capital structure.
The announcement of the note offering reflects Light & Wonder's proactive approach to optimize its capital structure and fund corporate activities.