Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 0

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 0
---
Filed Pursuant to Rule 424(b)(5)
Registration Nos. 333-286909, 333-286909-01 and 333-286909-02 The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where such offer or sale is not permitted.

SUBJECT TO COMPLETION, DATED AUGUST 13, 2025 Preliminary Prospectus Supplement (to the Prospectus dated May 1, 2025) GLP Capital, L.P. GLP Financing II, Inc. $ % Senior Notes due 20 $ % Senior Notes due 20 GLP Capital, L.P. and GLP Financing II, Inc. (together, the “Issuers”) are offering $ aggregate principal amount of % senior notes due 20 (the “20 notes”) and $ aggregate principal amount of % senior notes due 20 (the “20 notes” and, together with the 20 notes, the “notes”). We will pay interest on the notes semi-annually in arrears on and of each year, commencing on , 2026. Interest on the notes will accrue from , 2025. The 20 notes will mature on , 20 and the 20 notes will mature on , 20 . We may redeem all or part of the 20 notes at any time prior to the date that is months prior to their maturity date (the “20 notes Par Call Date”), at our option, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the redemption date, plus a “make-whole” premium. We may redeem all or part of the 20 notes at any time prior to the date that is months prior to their maturity date (the “20 notes Par Call Date”), at our option, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the redemption date, plus a “make-whole” premium. At any time on or following the 20 notes Par Call Date or the 20 notes Par Call Date, we may redeem all or part of the applicable series of notes at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest