Company: GLPI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001575965-25-000045
Chunk: 49

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 fair values of the Company’s financial instruments are as follows (in thousands): September 30, 2025December 31, 2024 CarryingAmountFairValueCarryingAmountFairValueFinancial assets:    Cash and cash equivalents $751,715 $751,715 $462,632 $462,632 Investment securities held to maturity— — 560,832 561,154 Investment in leases, financing receivables, net2,312,640 2,056,101 2,333,114 2,087,705 Investment in leases, sales type, net248,325 282,422 254,821 280,970 Real estate loans, net176,882 189,706 160,590 164,750 Deferred compensation plan assets45,175 45,175 38,948 38,948 Financial liabilities:    Long-term debt:    Amended Credit Agreement and Term Loan Credit Facility932,455 932,455 932,455 932,455 Senior Notes6,350,000 6,288,016 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 nine months ended September 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 obligations of our tenants.  The Company maintains what it believes is adequate insurance coverage to further mitigate the risks of such proceedings. However, such proceedings can be costly, time consuming, and unpredictable and, therefore, no assurance can be given that the final outcome of such proceedings may not materially impact the Company’s financial condition, results of operations or liquidity. Further, no assurance can be given that the amount or scope of existing insurance coverage will be sufficient to cover losses arising from such matters. Funding commitments As of September 30, 2025, the Company has entered into various commitments or call rights to finance