Light & Wonder, Inc has announced the successful completion by its wholly-owned subsidiary Light and Wonder International (LNWI), Inc of a private offering of US$1 billion in aggregate principal amount of new 6.250% senior unsecured notes due 2033 at an issue price of 100.000%.
According to information from the company, the proceeds of the offering will be used to repay all outstanding borrowings under LNWI’s revolving credit facility and to redeem all US$700 million of LNWI’s outstanding aggregate principal amount of 7.000% senior unsecured notes due 2028 (the “2028 Notes”). Any remaining proceeds will be used for general corporate purposes, which may include repurchases of the company’s equity, it added.
Light & Wonder said the notes are guaranteed on a senior basis by the company and some of its subsidiaries.
Light & Wonder, which 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.
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