Casino equipment and online games provider Light & Wonder Inc has announced a new tranche of US$2.13-billion term loans under an existing credit agreement, due in April 2029.
The objective, it said in a filing on Friday to the Australian Securities Exchange, where it is listed, is to replace the existing term loans under the credit agreement while reducing the applicable margin on the loans.
According to the latest amendment to the existing credit agreement, the new tranche of term loans carries a reduction of 0.25 percentage points in the applicable annual interest rates.
The credit agreement – which also involves Light & Wonder International Inc, a wholly owned subsidiary of Light & Wonder Inc – is with several banks and other financial institutions, with JPMorgan Chase Bank acting as administrative agent, collateral agent, issuing lender and swingline lender.
Light & Wonder reported net income of US$114 million for the three months to September 30, 2025, up 78.1 percent from the prior-year period. This was on revenue that rose 2.9 percent from a year earlier to US$841 million, the company said in November last year.
Total liabilities for the group stood at just under US$5.79 billion as of September 30, up 20.9 percent from just under US$4.79 billion recorded as of December 31 last year.
