Company: GLPI
Filing Date: 2025-05-02
Form Type: 424B5
Source: 0001193125-25-111614
Chunk: 21

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-05-02
Form: 424B5
Chunk 21
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 in long-term indebtedness, net of unamortized debt issuance costs, bond premiums and original issuance discounts, consisting of $6,025 million of outstanding senior unsecured notes, $600 million of term loans, $332.5 million of
borrowings under our revolving credit facility $0.2 million of other debt offset by approximately $68.6 million of unamortized debt issuance costs, bond premiums and original issuance discounts.

As of March 31, 2025, our term loan bore a weighted average interest rate of 5.62% and our revolving credit facility bore interest at 5.62% for SOFR loans.
Our revolving credit facility matures on December 2, 2028 and our term loan matures on September 2, 2027.

This prospectus supplement does not
constitute a notice of redemption with respect to our outstanding senior unsecured notes, nor an obligation to issue a notice of redemption for such notes or any other outstanding series of notes. Any such notice, if given, will only be given in
accordance with the provisions of such notes.

We will not initially receive any proceeds from any sales of shares of our common stock by any Forward
Seller. We expect to fully physically settle each forward sale agreement and receive proceeds from the sale of those shares of common stock upon one or more forward settlement dates no later than the date specified in the applicable forward sale
agreement. The forward sale price that we expect to receive upon physical settlement of a particular forward sale agreement will initially be equal to the volume weighted average price of all borrowed shares of common stock sold by the relevant
Forward Seller in connection with such forward sale agreement during the applicable forward hedge selling period less a forward hedge selling commission which will be at a mutually agreed rate that will not exceed, but may be lower than, 2.0% of the
volume weighted average price of the borrowed shares of our common stock sold through such Sales Agent, as Forward Seller, during the applicable forward hedge selling period for such shares. In addition, the forward sale price will be subject to
adjustment on a daily basis based on a floating interest rate factor (which may be negative) equal to a specified daily rate less a spread and will be decreased based on amounts related to expected dividends on shares of our common stock during the
term of such forward sale agreement. If the specified daily rate is less than the spread on any day, the interest rate factor will result in a daily reduction of the forward sale price.