secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0001193125-26-100314
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000119312526100314/0001193125-26-100314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000119312526100314/d112005d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-100314

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