Gaming & Leisure Properties, Inc. (GLPI): debt financing — GLPI closes $1.3B notes offering to refinance $975M 2026 notes and for general purposes

Gaming & Leisure Properties, Inc.

Issued $1.3B in two tranches: $1.3B of 5.250% senior notes due 2033 and 5.750% senior notes due 2037.
Net proceeds of approximately $1.28B after underwriting discounts and expenses.
Proceeds used to redeem $975M of 5.375% senior unsecured notes due 2026 at par plus make-whole premium and accrued interest.
Remaining proceeds allocated for working capital, capital expenditures, and development projects.
Notes are senior unsecured obligations of GLP Capital, L.P. and GLP Financing II, Inc., guaranteed by GLPI.

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 $1,300,000,000 aggregate principal amount at 5.750% per annum maturing November 1, 2037.

Instrument: senior notes
Principal: $1,300,000,000 aggregate principal amount
Rate: 5.750% per annum
Maturity: November 1, 2037
Event: incurrence

Exact text from the filing

On August 27, 2025, Gaming and Leisure Properties, Inc. (“GLPI”) closed the previously announced offering (the “Offering”) of $1,300,000,000 aggregate principal amount of Notes

View on SEC.gov

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

Gaming & Leisure Properties, Inc. incurred senior notes of $1,300,000,000 aggregate principal amount at 5.250% per annum maturing February 15, 2033.

Instrument: senior notes
Principal: $1,300,000,000 aggregate principal amount
Rate: 5.250% per annum
Maturity: February 15, 2033
Event: incurrence

Exact text from the filing

On August 27, 2025, Gaming and Leisure Properties, Inc. (“GLPI”) closed the previously announced offering (the “Offering”) of $1,300,000,000 aggregate principal amount of Notes

View on SEC.gov

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Gaming & Leisure Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-189701

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