Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 59

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 59
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” means the credit facility under the Term Loan Credit Agreement, dated as of September 2, 2022, by and among the Operating Partnership as borrower, Wells Fargo Bank, National Association, as administrative agent, and the other
lenders party thereto, including any related notes, guarantees, instruments and agreements executed in connection therewith, and in each case as amended through the Issue Date and as amended, modified, renewed, refunded, restructured, replaced or
refinanced from time to time including increases in principal amount (whether the same are provided by the original agents and lenders under such Term Loan Credit Facility or other agents or other lenders).

“Total Asset Value” means, as of any date, the sum of the following without duplication: (a) the sum of the Asset Values for all assets
constituting Income Properties, Development Properties, Redevelopment Properties or undeveloped land owned by the Issuers or any of their Subsidiaries at such date,plus (b) an amount (but not less than zero) equal to
all unrestricted cash and cash equivalents on hand of the Issuers and their Subsidiaries (including the proceeds of the Indebtedness to be incurred),plus (c) earnest money deposits associated with potential acquisitions
as of such date,plus (d) the book value (determined in accordance with GAAP) (but determined without giving effect to any depreciation or amortization) of all other investments held by the Issuers and their Subsidiaries
at such date (exclusive of accounts receivable and non-real estate intangible assets). Total Asset Value shall be adjusted in the case of assets owned by Subsidiaries of the Issuers which
are not wholly owned Subsidiaries of the Issuers to reflect the Issuers’ Ownership Share therein.

“Total Debt” means, as of any
date of determination, the aggregate principal amount of outstanding Indebtedness of the Issuers and their Subsidiaries as of such date;provided that (a) Total Debt shall not include Indebtedness in respect of letters
of credit, except to the extent of unreimbursed amounts thereunder, and (b) the amount of Total Debt, in the case of Indebtedness of a Subsidiary of the Issuers that is not a wholly owned Subsidiary of the Issuers, shall be reduced to reflect
the Issuers’ proportionate interest therein.

“Total Unencumbered Asset Value” means