GLPI's unit enters $600M term loan facility to fund Bally's property acquisition

Gaming & Leisure Properties, Inc.

$600M delayed draw term loan facility, matures Sept 2027, to finance part of Bally's acquisition.
Interest at SOFR + 1.30% or base rate + 0.30%; commitment fee 0.25% on unused commitments.
Amendment allows $700M reallocation from existing revolver to Bridge Revolving Facility with 1% amortization.
Facility guaranteed by GLPI and conditionally guaranteed by Bally's Corp on secondary basis.
Proceeds used solely for Bally's property acquisition and related fees; unused commitments terminate Aug 31, 2023.

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