Gaming equipment and services group Light & Wonder has secured a new $2.13 billion term loan to refinance its existing term loan debt, extending maturities and lowering borrowing costs as part of efforts to improve its debt profile.
According to a filing with the US Securities and Exchange Commission (SEC), also disclosed to the Australian Securities Exchange (ASX), Light & Wonder International – a wholly owned subsidiary of Light & Wonder – entered into Amendment No. 4 to its existing credit agreement on January 22nd, 2026. The amendment establishes a new tranche of term loans totaling approximately $2.13 billion, due April 14th, 2029, replacing the company’s existing term loans.
The refinancing restructures the company’s debt under its April 2022 credit agreement, which is led by JPMorgan Chase Bank as administrative agent. Proceeds from the new term loan will primarily be used to repay existing term loan debt and related interest, effectively replacing multiple older loans with a single new facility.
In addition to extending the maturity of its debt, the amendment reduces the applicable interest margins on the term loans, setting the margin at 2 percent for term benchmark loans and 1 percent for ABR (Alternate Base Rate) loans.
Aside from the refinancing-related changes, Light & Wonder said the overall credit agreement remains largely unchanged.
