---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-189701"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2025-08-27T23:59:59+00:00"
generated_at: "2026-05-17T09:42:14.024597+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# GLPI closes $1.3B notes offering to refinance $975M 2026 notes and for general purposes

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-189701
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2025-08-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000119312525189701/0001193125-25-189701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000119312525189701/d79316d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-189701
- JSON: https://secwatch.observer/filing/0001193125-25-189701.json
- Plain text: https://secwatch.observer/filing/0001193125-25-189701.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575965/000119312525189701/0001193125-25-189701-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575965/000119312525189701/0001193125-25-189701-index.htm

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