Light and Wonder International, Inc – a wholly-owned subsidiary of global gaming supplier Light & Wonder – has priced US$1 billion in aggregate principal amount of 6.250% senior unsecured notes due 2033 in a private offering. The offering includes an issue price of 100.000%.
In a filing, Light & Wonder said it intends to use the net proceeds of this offering to repay all outstanding borrowings under its revolving credit facility, to redeem all US$700 million of Light and Wonder International’s outstanding aggregate principal amount of 7.000% senior unsecured notes due 2028 and to use any remaining net proceeds for general corporate purposes, which may include repurchases of the company’s equity.
The offering is currently expected to close on 24 September 2025, subject to customary conditions, the company explained.
Light & Wonder, which recently reported 2Q25 revenues of US$809 million, is currently pursuing a sole primary listing on the Australian Securities Exchange (ASX), with the company to delist from the US NASDAQ by the end of November.
It recently explained that the sole ASX listing decision reflects the company’s strategic focus on aligning the group’s capital markets presence with its long-term growth plans and shareholder base.
RelatedPosts
