Company: GLPI
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001193125-25-181872
Chunk: 73

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 73
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 underwriters are obligated to purchase all of the notes of such series if any are purchased. The underwriting agreement also provides that if an underwriter defaults with respect to a series of notes, the purchase commitments of non-defaultingunderwriters of such series may be increased or the offering of such series of notes may be terminated. The underwriters initially propose to offer the notes for resale at the issue price that appears on the cover of this prospectus supplement. The underwriters may offer the notes to selected dealers at the public offering price minus a concession of up to, in the case of the 2033 notes, 0.375% of the principal amount of the 2033 notes and, in the case of the 2037 notes, 0.400% of the principal amount of the 2037 notes. In addition, the underwriters may allow, and those selected dealers may reallow, a concession of up to, in the case of the 2033 notes, 0.250% of the principal amount of the 2033 notes, and, in the case of the 2037 notes, 0.275% of the principal amount of the 2037 notes, to certain other dealers. After the initial offering, the underwriters may change the offering price and any other selling terms. The underwriters may offer and sell notes through certain of their affiliates. We estimate that our out-of-pocketexpenses for this offering will be approximately $3.6 million. We do not intend to apply for the notes to be listed on any securities exchange or to arrange for the notes to be quoted on any quotation system. Certain of the underwriters have advised us that they intend to make a market in the notes, but they are not obligated to do so and they may discontinue any market making at any time in their sole discretion without notice. Accordingly, we cannot assure you that a liquid trading market will develop for the notes, that you will be able to sell your notes at a particular time or that the price that you receive when you sell will be favorable. S-44

During the period from the date hereof through the issue date, we have agreed that we will not offer, sell,
contract to sell, pledge or otherwise dispose of any debt securities issued or guaranteed by us and having a tenor of more than one year.

We have agreed
to indemnify the several underwriters against certain liabilities under the Securities Act, or contribute to payments which the underwriters may be required to make in that respect.