Global gaming supplier Light & Wonder said Friday it has entered into an amendment to a 2022 credit agreement that provides a new tranche of over US$2.13 billion in term loans to pay off existing debt.
According to a filing, Light & Wonder subsidiary Light and Wonder International, Inc entered into the latest amendment to its original credit agreement on 22 January to create the new tranche of term loans which will replace its existing term loans and reduce the applicable margin on the term loans.
Specifically, the margin has been reduced to 2.00% per annum or 1.0% if using an alternate base rate. The new loan matures on 29 April 2029.
