Company: GLPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001575965-25-000031
Chunk: 48

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 are based on quoted prices on similar instruments in active markets and is considered a Level 2 measurement as defined in ASC 820.  It includes a credit valuation adjustment which was not material to the overall fair value of the instrument.  Long-term Debt The fair value of the Senior Notes are estimated based on quoted prices in active markets and as such is a Level 1 measurement as defined under ASC 820. The fair value of the obligations in our Amended Credit Agreement is based on indicative pricing from market information (Level 2 inputs).The estimated fair values of the Company’s financial instruments are as follows (in thousands): June 30, 2025December 31, 2024 CarryingAmountFairValueCarryingAmountFairValueFinancial assets:    Cash and cash equivalents $604,164 $604,164 $462,632 $462,632 Investment securities held to maturity— — 560,832 561,154 Investment in leases, financing receivables, net2,276,068 2,064,302 2,333,114 2,087,705 Investment in leases, sales type, net243,393 281,813 254,821 280,970 Real estate loans, net161,168 175,975 160,590 164,750 Deferred compensation plan assets42,694 42,694 38,948 38,948 Interest rate swap 864 864 — — Financial liabilities:    Long-term debt:    Amended Credit Agreement and Term Loan Credit Facility932,455 932,455 932,455 932,455 Senior Notes6,025,000 5,903,141 6,875,000 6,665,565 Assets and Liabilities Measured at Fair Value on a Nonrecurring BasisThere were no assets or liabilities measured at fair value on a nonrecurring basis during the six months ended June 30, 2025 and 2024.

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9.    Commitments and Contingencies

 LitigationThe Company is subject to various legal and administrative proceedings relating to personal injuries, employment matters, commercial transactions, and other matters arising in the normal course of business. The Company does not believe that the final outcome of these matters will have a material adverse effect on the Company’s consolidated financial position or results of operations. The majority of these matters are subject to indemnification and defense