Gaming and Leisure Properties closes $800 million notes offering with 5.625% yield

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil extends weekly gains as Iran conflict rages on, with crude surging around 18% Trump replaces Homeland Security chief Kristi Noem Wall Street ends lower on escalating Iran conflict, report of AI export curbs Trump says he must be involved in selecting Iran’s next leader (South Africa Philippines Nigeria) Gaming and Leisure Properties closes $800 million notes offering with 5.625% yield By SEC Filings Published 03/05/2026, 06:15 PM Gaming and Leisure Properties closes $800 million notes offering with 5.625% yield 0 GLPI -0.82% Gaming & Leisure Properties, Inc. (NASDAQ:GLPI) announced the closing of an $800 million offering of 5.625% senior unsecured notes due 2036 on Wednesday. The notes were co-issued by its operating partnership, GLP Capital, L.P., and GLP Financing II, Inc., a wholly owned subsidiary. The notes mature on March 1, 2036, and will pay interest semi-annually on March 1 and September 1, beginning September 1, 2026. The company stated that the notes are senior unsecured obligations, guaranteed by Gaming & Leisure Properties , Inc., and rank equally with the issuers’ other senior indebtedness. The net proceeds from the offering, after deducting underwriting discounts, commissions, and estimated expenses, were approximately $791.1 million. According to the company, part of the proceeds were used to repay outstanding borrowings under the operating partnership’s term loan credit facility. The remainder is intended for working capital and general corporate purposes, which may include acquisitions, development and expansion projects, repayment of other indebtedness, and capital expenditures. The notes may be redeemed by the issuers at any time prior to 90 days before maturity at a specified redemption price, and at par plus accrued interest after that date. The notes are also subject to redemption requirements imposed by gaming laws and regulations. The indenture governing the notes contains covenan...