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Light & Wonder Unit Prices $1 Billion of Senior Unsecured Notes

BY MT Newswires | CORPORATE | 09/10/25 05:05 PM EDT

05:05 PM EDT, 09/10/2025 (MT Newswires) -- Light & Wonder (LNW) said Wednesday its unit Light and Wonder International has priced $1 billion of 6.25% senior unsecured notes due 2033 in a private offering.

Light and Wonder International will use the proceeds to repay debt under its revolving credit facility, to redeem $700 million of LNWI's outstanding principal amount of its 7% senior unsecured notes due 2028, and will use any remaining proceeds for general corporate purposes.

The offering is slated to close on Sept. 24.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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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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