Company: GLPI
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001193125-25-181872
Chunk: 29

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 29
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 “Bridge Loan Facility”, and collectively, the “Bridge Revolving Facilities”). References below to the Revolving Credit Facility include the Bridge Revolving Facilities.

Loans under any Bridge Revolving Facility are subject to 1% amortization per annum. Amounts repaid under any Bridge Revolving Facility cannot be reborrowed
and the corresponding commitments are automatically re-allocated to the Revolving Credit Facility.

Bridge
Revolving Facilities are intended to be used solely to fund cash distributions to third-party contributors in connection with their contribution of one or more properties to the Operating Partnership. The Operating Partnership’s ability to
borrow under any Bridge Revolving Facility is subject to certain conditions, including pro forma compliance with the Operating Partnership’s financial covenants, as well as the receipt by the agent of a satisfactory conditional guarantee of the
loans under the applicable Bridge Revolving Facility by the applicable contributor or its affiliate, subject to the prior enforcement of all remedies against the Operating Partnership, GLPI and other applicable sources other than such guarantor.
Loans under the Bridge Revolving Facility will not be treated pro rata with loans under the Revolving Credit Facility.

At June 30, 2025,
$332.5 million was outstanding under the Revolving Credit Facility. Additionally, at June 30, 2025, the Company was contingently obligated under letters of credit issued pursuant to the Revolving Credit Facility with face amounts
aggregating approximately $0.4 million, resulting in $1,757.2 million of available borrowing capacity under the Revolving Credit Facility as of June 30, 2025.

The interest rates payable on the loans borrowed under the Revolving Credit Facility are, at the Operating Partnership’s option, equal to either a
SOFR-based rate or a base rate plus an applicable margin, which ranges from 0.725% to 1.40% per annum for SOFR loans and 0.0% to 0.4% per annum for base rate loans, in each case, depending on the credit ratings assigned to the Revolving Credit
Facility. The current applicable margin is 1.05% for SOFR loans and 0.05% for base rate loans. Notwithstanding the foregoing, in no event will the base rate be less than 1.00%. In addition, the Operating Partnership will pay a facility fee on the
commitments under the

S-17

Revolving Credit Facility, regardless of usage, at a rate that ranges from 0