Company: GLPI
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001575965-25-000008
Chunk: 188

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 188
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 unsecured notes due September 2054400,000 — Other277 434 Total long-term debt$7,807,732 $6,675,434 Less: unamortized debt issuance costs, bond premiums and original issuance discounts(71,855)(47,884)Total long-term debt, net of unamortized debt issuance costs, bond premiums and original issuance discounts$7,735,877 $6,627,550 

98

The following is a schedule of future minimum repayments of long-term debt as of December 31, 2024 (in thousands): 2025$850,163 2026975,114 2027600,000 2028832,455 2029750,000 Over 5 years3,800,000 Total minimum payments$7,807,732 Senior Unsecured Credit Agreement and Amended Credit AgreementOn May 13, 2022, GLP Capital entered into a credit agreement (the "Credit Agreement") providing for a $1.75 billion revolving credit facility (the "Initial Revolving Credit Facility") maturing in May 2026. The majority of our debt is at fixed rates and our exposure to variable interest rates is currently limited to outstanding obligations, if any, under the Initial Revolving Credit Facility and our Term Loan Credit Agreement.  GLP Capital is the primary obligor under the Credit Agreement, which is guaranteed by GLPI. On September 2, 2022, GLP Capital entered into an amendment No. 1 (the "Amendment") to the Credit Agreement among GLP Capital, Wells Fargo Bank, National Association, as administrative agent (“Agent”), and the several banks and other financial institutions or entities party thereto (as amended by the Amendment, the "Amended Credit Agreement"). Pursuant to the Amended Credit Agreement, GLP Capital 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 Amended Credit Agreement to a new revolving credit facility (the “Bridge Revolving Facility” and, collectively with the Initial Revolving Credit Facility, the "Revolver").On December 2, 2024, GLP Capital entered into Amendment No.2 (the “Second Amendment"; the Amended Credit Agreement, as amended by the Second Amendment, the "Second Amended Credit Agreement”) to the Amended Credit Agreement. Pursuant to