Gaming equipment and services group Light & Wonder has announced a new revolving credit commitment amounting to $1 billion.
The agreement, secured with several banks and financial institutions, replaces the company’s existing revolving commitments of $750 million and extends the maturity of these commitments from 2027 to 2030, in a strategic enhancement of the company’s financial flexibility.
On February 10th, 2025, Light and Wonder International, Inc. (L&WPI), a wholly-owned subsidiary of Light & Wonder, entered into an amendment to its existing Credit Agreement.
This amendment includes new revolving commitments of $1 billion, it also extends the maturity to February 10th, 2030, and introduces a reduction in the applicable margin for revolving loans based on certain leverage tests.
With this new financial arrangement, Light & Wonder aims to solidify its position in a competitive gaming industry, while navigating ongoing legal challenges.
In September of last year, Aristocrat Technologies a preliminary injunction, prohibiting Light & Wonder from selling or leasing its Dragon Train game.
The court sided with Aristocrat’s allegations of trade secret misappropriation, accusing Light & Wonder of copying elements from Aristocrat’s popular Dragon Link game.
However, just yesterday, the gaming equipment and services giant was granted a slight reprieve in Australia, as the courts rejected an injunction by rival Aristocrat over its Dragon Train slots.
