Gaming & Leisure Properties, Inc. (GLPI): debt financing — GLPI closes $400M 6.750% senior notes offering due 2033

Gaming & Leisure Properties, Inc.

Issued $400M aggregate principal of 6.750% senior notes maturing Dec 1, 2033.
Co-issuers: GLP Capital, L.P. and GLP Financing II, Inc.; fully guaranteed by GLPI.
Notes priced at 98.196% of par; net proceeds ~$388.8M after discounts and expenses.
Proceeds for working capital, general corporate purposes, including acquisitions and debt repayment.
Notes rank pari passu with senior indebtedness; structurally subordinated to subsidiary liabilities.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Gaming & Leisure Properties, Inc. incurred senior notes of $400.0 million aggregate principal amount with Computershare Trust Company, N.A. at 6.750% per year maturing December 1, 2033.

Instrument: senior notes
Principal: $400.0 million aggregate principal amount
Counterparty: Computershare Trust Company, N.A.
Rate: 6.750% per year
Maturity: December 1, 2033
Event: incurrence

Exact text from the filing

Closing of Notes Offering On November 22, 2023, Gaming and Leisure Properties, Inc. (“GLPI”) closed the previously announced notes offering (the “Offering”) of $400.0 million aggregate principal amount of 6.750% senior notes due 2033 (the “Notes”)

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Gaming & Leisure Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-284275

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