Light & Wonder, Inc. has entered into another amendment of its long-term credit facilities, establishing a new tranche of refinancing loans and updating interest terms across its borrowing structure. The details were disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission.
According to the filing, Light & Wonder International, Inc., the supplier’s wholly owned subsidiary, executed Amendment No. 4 to its April 2022 Credit Agreement on January 22 2026. The amendment creates a new tranche of $2.13bn in Term B-3 Loans, which will replace all outstanding Term B-2 Loans. The new tranche matures on April 14 2029.
The supplier also secured an additional $112.99m Term B-3 commitment from JPMorgan Chase Bank, N.A., which will be used to complete the refinancing and settle accrued interest on the prior term loans. Interest margins were reduced to 2% for loans tied to term benchmark rates (SOFR, EURIBOR, BBSY) and 1% for loans priced at the Alternate Base Rate.
The amendment was executed following satisfaction of multiple conditions, including legal opinions, solvency certification, delivery of closing documents, and compliance with regulatory “know your customer” requirements. The supplier affirmed that no defaults existed at the time the amendment became effective.
Light & Wonder also reaffirmed all guarantees and collateral arrangements supporting its debt obligations, stating that security interests remain fully in force for the updated credit structure.
The filing notes that Amendment No. 4 is now considered part of the loan documentation and does not constitute a novation of the underlying credit agreement. The supplier indicated it will continue operating under the revised terms while maintaining all lender relationships and existing administrative arrangements.
The company has already fully impaired the relevant assets under previous disclosures, meaning no material operational impact is expected
