debt
confidence high
sentiment neutral
materiality 0.60
GLPI issues $400M of 6.750% Senior Notes due 2033
Gaming & Leisure Properties, Inc.
- Issued $400M aggregate principal of 6.750% Senior Notes due 2033 at 98.196% of par.
- Net proceeds of ~$388.8M after discounts and expenses; closing expected Nov 22, 2023.
- Proceeds to be used for working capital, acquisitions, debt repayment, and capex.
- Notes are unsecured and fully guaranteed by Gaming and Leisure Properties, Inc.
- Underwriters include Wells Fargo, Citizens JMP, Fifth Third, and Truist Securities.