Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 26

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 26
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          — |   |     |             |           |
| Other                                                                                             |     |                     |        242 |   |     |             |       242 |
| Total long-term debt                                                                              |     |                     |  6,957,697 |   |     |             |           |
| Less: unamortized debt issuance costs, bond premiums and original issuance discounts              |     |                     |    (65,389 | ) |     |             |           |
| Total long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance 
 discounts                                                                                         |     | $                   |  6,892,308 |   |     | $           |           |
| Shareholders’ equity                                                                              |     |                     |  4,933,310 |   |     |             | 4,933,310 |
| Total Capitalization                                                                              |     | $                   | 11,825,618 |   |     | $           |           |

| (1) | Assumes full redemption of the outstanding $975.00 million of the 2026 Notes using the net proceeds from 
 the offering.                                                                                            |

| (2) | Consists of $   million % 20  notes and $   million % 20                                                         
 notes. Includes the assumption of new debt issuance costs and original issue discounts related to this offering. |

S-16

DESCRIPTION OF CERTAIN OTHER INDEBTEDNESS

The following is a summary of principal terms and provisions of the Revolving Credit Agreement, the Term Loan Credit Agreement and our existing senior
unsecured notes. This summary is not a complete description of all of the terms and provisions of such indebtedness or the relevant agreements, and is qualified in its entirety by reference to such agreements and related documents.

Revolving Credit Agreement

On
May 13, 2022, the Operating Partnership entered into the Revolving Credit Agreement providing for a Revolving Credit Facility in the amount of $1.750 billion maturing in May 2026, plus
two six-month extensions at the Operating Partnership’s option. The Operating Partnership is the primary obligor under the Revolving Credit Agreement, which is guaranteed by the Company.

On September 2, 2022, the Operating Partnership entered into an amendment to the Revolving Credit Agreement. Pursuant to the amendment, the Operating
Partnership has the right, at any time until December 31, 202