debt
confidence high
sentiment neutral
materiality 0.60
GLPI issues $800M of 5.625% Senior Notes due 2036; net proceeds to repay term loan
Gaming & Leisure Properties, Inc.
- $800M aggregate principal of 5.625% Senior Notes due March 1, 2036; priced at 99.857% of par.
- Net proceeds ~$791.1M after underwriting discounts and expenses; used to repay term loan credit facility borrowings.
- Remaining proceeds for working capital, acquisitions, development, and general corporate purposes.
- Notes are fully and unconditionally guaranteed on an unsecured basis by Gaming and Leisure Properties, Inc.
- Closing expected on or about March 4, 2026, subject to customary conditions.