debt
confidence high
sentiment neutral
materiality 0.60
GLPI ups revolving credit facility to $2.09B, extends maturity to Dec 2028, adds $1.04B Bridge Revolving Facility
Gaming & Leisure Properties, Inc.
- Revolving commitments increased from $1.75B to $2.09B; maturity extended to December 2, 2028.
- New Bridge Revolving Facility of up to $1.04B created for funding cash distributions to property contributors.
- Bridge loans subject to 1% annual amortization; amounts repaid cannot be reborrowed.
- Amendment No. 2 effective December 2, 2024; 18 lenders party, with Wells Fargo as administrative agent.
- Facility includes 1% amortization on Bridge loans and automatic reallocation to existing revolver upon repayment.