---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-100314"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T16:38:11.961494+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# GLPI borrows $679M term loan to repay bridge revolver, extends maturity to 2028

## Summary
- Borrowed $679M new term loan under Amendment No. 3 to Credit Agreement, maturing Dec 2, 2028, with two six-month extension options.
- Proceeds used to repay $679M of outstanding bridge revolving loans; no early termination penalties incurred.
- Interest rate: SOFR plus 0.85%-1.70% or base rate plus 0.0%-0.7%, depending on credit ratings.
- Term loan guaranteed by GLPI and, on a secondary basis, by Bally's Corporation; no interim amortization.
- Also terminated the 2022 Term Loan Agreement; all obligations thereunder paid and discharged.

## SEC filing metadata
- accession: 0001193125-26-100314
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000119312526100314/0001193125-26-100314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000119312526100314/d112005d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-100314
- JSON: https://secwatch.observer/filing/0001193125-26-100314.json
- Plain text: https://secwatch.observer/filing/0001193125-26-100314.txt

## Source-grounded claims
- claim_id: 57413af0626fafa7ea353afdb36f16bcf02a5627
  claim: Gaming & Leisure Properties, Inc. incurred term loan of $679,000,000 with Wells Fargo Bank, National Association, as administrative agent at Secured Overnight Financing Rate ("SOFR")-based rate or a base rate plus an appl maturing December 2, 2028.
  evidence_excerpt: On March 4, 2026, GLP Capital, L.P. (“GLP”), the operating partnership of Gaming and Leisure Properties, Inc. (“GLPI”), entered into Amendment No. 3 (the “Amendment”) to the Credit Agreement among GLP, Wells Fargo Bank, National Association, as administrative agent, and the several banks and other financial institutions or entities party thereto, dated as of May 13, 2022 (the “Credit Agreement”). Pursuant to the Amendment, GLP borrowed a new $679,000,000 term loan (the “Term Loan”), the proceeds of which were used to repay $679,000,000 of outstanding bridge revolving loans (without any corresponding reduction in revolving commitments). The Term Loan matures on December 2, 2028, subject to two six-month extensions at GLP’s option.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575965/000119312526100314/0001193125-26-100314-index.htm
- claim_id: 3a89aedc5903b902600b4ab94617105d1cd609f5
  claim: Gaming & Leisure Properties, Inc. terminated Term Loan Credit Agreement (the "2022 Term Loan Agreement") with Wells Fargo Bank, National Association, as administrative agent, and the several banks and other financial institutions or entities party thereto (effective 2026-03-04).
  evidence_excerpt: On March 4, 2026, GLP repaid in full all outstanding obligations under the Term Loan Credit Agreement among GLP, Wells Fargo Bank, National Association, as administrative agent, and the several banks and other financial institutions or entities party thereto, dated as of September 2, 2022 (the “2022 Term Loan Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575965/000119312526100314/0001193125-26-100314-index.htm
- claim_id: 7a620bb9d510a1a3df14d9e100aa3de236fc7245
  claim: Gaming & Leisure Properties, Inc. amended Amendment No. 3 (the "Amendment") with Wells Fargo Bank, National Association, as administrative agent, and the several banks and other financial institutions or entities party thereto valued at $679,000,000 (effective 2026-03-04).
  evidence_excerpt: On March 4, 2026, GLP Capital, L.P. (“GLP”), the operating partnership of Gaming and Leisure Properties, Inc. (“GLPI”), entered into Amendment No. 3 (the “Amendment”) to the Credit Agreement among GLP, Wells Fargo Bank, National Association, as administrative agent, and the several banks and other financial institutions or entities party thereto, dated as of May 13, 2022 (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575965/000119312526100314/0001193125-26-100314-index.htm

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