Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 122

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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000 — $400 million 6.250% senior unsecured notes due September 2054400,000 400,000 Other174 277 Total long-term debt7,282,629 7,807,732 Less: unamortized debt issuance costs, bond premiums and original issuance discounts(81,416)(71,855)Total long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance discounts$7,201,213 $7,735,877 The following is a schedule of future minimum repayments of long-term debt as of September 30, 2025 (in thousands): 2025 (remainder of year)$34 2026140 2027600,000 2028832,455 2029750,000 Over 5 years5,100,000 Total minimum payments$7,282,629  Senior Unsecured Amended Credit Agreement The Company has a Senior Unsecured Amended Credit Agreement (the "Amended Credit Agreement") providing for a revolving commitment capacity of $2.09 billion with a maturity date of December 2, 2028 (the "Revolver").  GLP Capital is the primary obligor under the Senior Unsecured Credit Agreement, which is guaranteed by GLPI. At September 30, 2025, $332.5 million was outstanding under the Company's Revolver. After giving effect to contingent obligations under letters of credit with face amounts aggregating approximately $0.4 million, the Company had $1,757.2 million of available borrowing capacity under the Revolver as of September 30, 2025.  The weighted average interest rate under the Revolver and term loan credit facility at September 30, 2025 was 5.46%.

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Term Loan Credit FacilityOn September 2, 2022, GLP Capital entered into a term loan credit agreement with Wells Fargo Bank, National Association, as administrative agent and the other agents and lenders party thereto from time to time, providing for a $600 million delayed draw credit facility with a maturity date of September 2, 2027 (the "Term Loan Credit Facility").  The Term Loan Credit Facility is guaranteed by GLPI.  The Company drew down the entire $600 million Term Loan Credit Facility in connection with the acquisition of the real property assets of Bally's Biloxi and Bally's Tiverton.  Senior Unsecured NotesAt September