Gaming and leisure properties announces pricing of $800,000,000 of 5.625% senior notes due 2034 and $400,000,000 of 6.250% senior notes due 2054

Wyomissing, pa,, july 30, 2024 (globe newswire) -- gaming and leisure properties, inc. (“glpi”) (nasdaq: glpi) today announced the pricing of a public offering of $1,200,000,000 aggregate principal amount of notes (as defined below), to be issued by its operating partnership, glp capital, l.p. (the “operating partnership”), and glp financing ii, inc., a wholly-owned subsidiary of the operating partnership (together with the operating partnership, the “issuers”). the notes will be issued in two tranches, the first of which will be senior notes due 2034 (the “2034 notes”) and the second of which will be senior notes due 2054 (the “2054 notes” and, together with the 2034 notes, the “notes”).the 2034 notes priced at 99.094% of par value, with a coupon of 5.625% and will mature on september 15, 2034. the 2054 notes priced at 99.183% of par value, with a coupon of 6.250% and will mature on september 15, 2054. the notes will be senior unsecured obligations of the issuers, guaranteed by glpi.
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