Company: GLPI
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001193125-25-181872
Chunk: 168

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 168
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 any original issue discount) on any debt security to a non-U.S.holder generally will not be subject to U.S. federal income or withholding tax if the non-U.S.holder:

| • |     | does not actually or constructively own 10% or more of the Operating Partnership’s capital or profits 
 interests and does not own 10% or more of the stock of Capital Corp;                                  |

| • |     | is not a “controlled foreign corporation” with respect to which the Operating Partnership or Capital 
 Corp. is a “related person” within the meaning of the Code;                                          |

| • |     | provides the non-U.S. holder’s name and address on an IRS Form W-8BEN or Form W-8BEN-E (or other applicable successor form) and certifies under penalties of perjury that it is not a U.S. person; |

| • |     | is not a bank receiving interest on the extension of credit made pursuant to a loan agreement made in the 
 ordinary course of its trade or business; and                                                             |

| • |     | is not engaged in a U.S. trade or business pursuant to which interest on the debt securities is effectively       
 connected (any income effectively connected with such a U.S. trade or business, “U.S. Trade or Business Income”). |

The gross amount of interest payments to a non-U.S.holder that do not qualify for the portfolio interest exemption will be subject to U.S. withholding tax at the rate of 30%, unless a U.S. income tax treaty applies to reduce or eliminate such withholding tax (and the non-U.S.holder provides a properly executed IRS Form W-8BENor W-8BEN-E,as applicable, claiming the benefits of such treaty) or the payments constitute U.S. Trade or Business Income to the non-U.S.holder (and the non-U.S.holder provides a properly executed IRS Form W-8ECI).U.S. Trade or Business Income will be taxed on a net basis at regular graduated U.S. rates rather than the 30% gross rate, unless an applicable income tax treaty provides otherwise. In the case of a non-U.S.holder that is a corporation, such U.S. Trade or Business Income may also be subject to the branch profits tax at a 30% rate (or lower treaty rate). 51

Sale, Exchange, Redemption, Retirement or Other Taxable Disposition of Debt Securities. Subject to the discussions below under the headings