Gaming and Leisure Properties Announces Pricing of $800,000,000 of 5.625% Senior Notes Due 2036

Core Viewpoint - Gaming and Leisure Properties, Inc. (GLPI) has announced a public offering of $800 million in senior notes due 2036, with a coupon rate of 5.625% and priced at 99.857% of par value [1] Group 1: Offering Details - The offering consists of senior notes to be issued by GLP Capital, L.P. and GLP Financing II, Inc., which are wholly-owned subsidiaries of GLPI [1] - The notes will mature on March 1, 2036, and are senior unsecured obligations guaranteed by GLPI [1] - The offering is expected to close on March 4, 2026, subject to certain closing conditions [2] Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay borrowings under the Operating Partnership's term loan credit facility [2] - Remaining proceeds will be allocated for working capital and general corporate purposes, including acquisitions, funding development projects, repayment of indebtedness, and capital expenditures [2] Group 3: Regulatory and Management Information - The offering will be made under an effective shelf registration statement filed with the SEC, and details are available through the SEC's EDGAR database [3] - A number of financial institutions are serving as joint book-running managers for the offering, including Wells Fargo Securities, Truist Securities, and others [4] Group 4: Company Overview - GLPI is engaged in acquiring, financing, and owning real estate properties to be leased to gaming operators under triple-net lease arrangements, where tenants are responsible for all facility maintenance and related costs [6]