Company: GLPI
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001193125-25-181872
Chunk: 28

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 28
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, make-whole premium and fees and expenses in connection with the redemption of                                            
 the 2026 Notes, the total amount of which is not currently available and will be calculated on a date close to September 12, 2025, the redemption date. |

| (2) | Assumes full redemption of the outstanding $975.00 million of the 2026 Notes using the net proceeds from 
 the offering.                                                                                            |

| (3) | Consists of $600.00 million 5.250% 2033 notes and $700.00 million 5.750% 2037 notes. |

| (4) | 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, 2024, to elect to re-allocate up to $700 million in existing revolving commitments under the Revolving Credit Agreement to a new
revolving credit facility.

On December 2, 2024, the Operating Partnership entered into a second amendment to the Revolving Credit Agreement.
Pursuant to the second amendment, the revolving commitments were increased from $1.750 billion to $2.09 billion and the maturity date of the revolving loans and commitments was extended to December 2, 2028. The second amendment also
provides the Operating Partnership the right to re-allocate up to $1.04 billion in existing revolving commitments under the Revolving Credit Agreement to one or more new revolving credit facilities (each,
a