---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-241046"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2022-09-08T23:59:59+00:00"
generated_at: "2026-06-23T12:49:23.790238+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-22-241046
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2022-09-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000119312522241046/0001193125-22-241046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000119312522241046/d358207d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-241046
- JSON: https://secwatch.observer/filing/0001193125-22-241046.json
- Plain text: https://secwatch.observer/filing/0001193125-22-241046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.