Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 42

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 net$176 $161 The following reflects amortization of software included within D&A: Three Months Ended June 30,Six Months Ended June 30,2025202420252024Amortization expense$19 $17 $38 $35 

 (10) Long-term Debt

The following table reflects our outstanding debt (in order of priority and maturity):As ofJune 30, 2025December 31, 2024 Final MaturityRate(s)Face ValueUnamortized debt discount/premium and deferred financing costs, netBook ValueBook ValueSenior Secured Credit Facilities:LNWI Revolver2030variable$195 $— $195 $— LNWI Term Loan A2028variable800 (2)798 — LNWI Term Loan B2029variable2,145 (21)2,124 2,133 LNWI Senior Notes:2028 Unsecured Notes20287.000%700 (4)696 695 2029 Unsecured Notes20297.250%500 (4)496 496 2031 Unsecured Notes20317.500%550 (6)544 543 Other——3 — 3 3 Total long-term debt outstanding$4,893 $(37)$4,856 $3,870 Less: current portion of long-term debt(38)(23)Long-term debt, excluding current portion$4,818 $3,847 Fair value of debt(1)$4,935 (1) Fair value of our fixed rate and variable interest rate debt is classified within Level 2 in the fair value hierarchy and has been calculated based on the quoted market prices of our securities.LNWI Credit Agreement Amendment - Revolver UpsizingOn February 10, 2025, we entered into an amendment to the LNWI Credit Agreement. The amendment, among other things, (i) provided for new revolving commitments under the LNWI Revolver in an amount of $1.0 billion, which replaced the existing revolving commitments (which were in an amount of $750 million), (ii) extended the maturity of the revolving commitments to the earlier of (x) February 10, 2030 and (y) such earlier date that is 91 days prior to the maturity of our existing term loans (scheduled to mature on April 14, 2029) and existing notes (the earliest maturity of which is scheduled for