secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0001575965-22-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

GLPI's operating partnership enters $1.75B revolving credit facility, replacing prior agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596522000014/0001575965-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596522000014/glpi-20220513.htm
  HTML page:      https://secwatch.observer/filing/0001575965-22-000014

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