Light & Wonder Unit Plans $1 Billion Private Offering of Senior Notes

BY MT Newswires | CORPORATE | 09/10/25 09:51 AM EDT

09:51 AM EDT, 09/10/2025 (MT Newswires) -- Light & Wonder (LNW) said Wednesday that its unit, Light and Wonder International, plans to offer $1 billion in senior unsecured notes due 2033 in a private offering.

Net proceeds from the offering will be used to repay borrowings under the unit's revolving credit facility, redeem $700 million of its 7% senior unsecured notes due 2028, and for general corporate purposes, the company said.

Price: 88.30, Change: +0.32, Percent Change: +0.36

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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