Strategic Expansion and Financial Restructuring Propel Light & Wonder Forward

Light & Wonder, the parent company of Scientific Games, is executing a dual-pronged strategy this week, combining a major financial overhaul with a significant market expansion. The company secured a pivotal license to operate as an online gaming provider and aggregator in the Philippines, simultaneously announcing a substantial $1 billion debt refinancing initiative through its subsidiary.

The company’s shares closed at $88.51 yesterday, registering a slight decline of 0.12 percent.

At the core of its financial strategy, Light & Wonder International has successfully issued $1 billion in Senior Unsecured Notes. These notes carry an interest rate of 6.25% and are set to mature in 2033. S&P Global Ratings has assigned a “B+” rating to this new issuance, indicating their view of a moderate... Read more...