Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 34

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 34
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 to incur substantial additional indebtedness and does not limit the amount of indebtedness that the Guarantor may incur. Capital Corp. Capital Corp. is a Delaware corporation and a wholly owned Subsidiary of the Operating Partnership. Capital Corp. is nominally capitalized and does not have any material assets or significant operations, other than with respect to acting as co-Issuer or guarantorfor certain debt obligations the Operating Partnership may incur or guarantee from time to time. As a result, prospective purchasers of the notes should not expect Capital Corp. to participate in servicing the interest and principal obligations on the notes. See “—Certain Covenants—Limitation on Activities of Capital Corp.” Principal, Maturity and Interest The Issuers are issuing $ aggregate principal amount of their % Senior Notes due 20 (the “20 notes”) and $ aggregate principal amount of their % Senior Notes due 20 (the “20 notes” and, together with the 20 notes, the “notes”). The 20 notes and the 20 notes will each constitute a separate series of debt securities under the indenture. The Issuers may issue additional notes of the same or different series from time to time under the indenture. Any issuance of additional notes is subject to the covenants set forth below under “—Certain Covenants—Limitations on Incurrence of Indebtedness”. The notes and any additional notes of the same series subsequently issued will be treated as a single series for all purposes under the indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase. Unless the context otherwise S-22

requires, for all purposes of the indenture and this “Description of Notes”, references to the notes include any additional notes actually issued. The Issuers will issue notes in denominations of $2,000 and integral multiples of $1,000. The entire principal amount of the 20 notes will mature and become due and payable, together with any accrued and unpaid interest, on , 20 . The 20 notes will not be entitled to the benefit of any sinking fund. Interest on the 20 notes will accrue at the rate of % per annum and will be payable semi-annually in arrears on and , commencing , 2026. The Issuers will make each interest payment on the 20 notes to the holders of record on the immediately preceding and . The entire principal amount of the 20 notes will mature and become due and payable, together with any accrued and unpaid interest,