debt
confidence high
sentiment neutral
materiality 0.60
GLPI's operating partnership enters $1.75B revolving credit facility, replacing prior agreement
Gaming & Leisure Properties, Inc.
- New $1.75B revolving credit facility with four-year maturity, two six-month extension options.
- Interest rate: SOFR-based plus margin of 1.05% currently; base rate plus 0.05% currently.
- Commitment fee on unused portion: 0.25% per annum currently.
- Facility includes customary covenants (leverage ratios, REIT maintenance, dividend restrictions).
- Prior $1.75B credit agreement from 2013 terminated concurrently.