secwatch.observer — SEC 8-K summary
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Issuer:     Gaming & Leisure Properties, Inc. (GLPI)
CIK:        0001575965
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001575965-24-000039
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GLPI ups revolving credit facility to $2.09B, extends maturity to Dec 2028, adds $1.04B Bridge Revolving Facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575965/000157596524000039/0001575965-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575965/000157596524000039/glpi-20241202.htm
  HTML page:      https://secwatch.observer/filing/0001575965-24-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer