Company: GLPI
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001193125-25-181872
Chunk: 97

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 97
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 of properties; |

| • |     | repayment of debt; |

| • |     | capital expenditures; |

| • |     | working capital; and |

| • |     | other general business purposes. |

The precise amounts and timing of the application of net proceeds will depend upon funding requirements and the availability of other funds. Pending such uses, net proceeds may be temporarily invested. Unless otherwise set forth in the applicable prospectus supplement or any related free writing prospectus, we will not receive any of the proceeds of the sale by selling security holders of the securities covered by this prospectus. 10

DESCRIPTION OF DEBT SECURITIES GLP Capital and Capital Corp. may issue debt securities from time to time in one or more series, which will be guaranteed by GLPI. GLP Capital and Capital Corp. will set forth in the accompanying prospectus supplement a description of the debt securities that may be offered under this prospectus, as well as the terms of the guarantees of such debt securities by GLPI. The applicable prospectus supplement and other offering material relating to such offering will describe the specific terms relating to the series of debt securities and guarantees being offered, including a description of the material terms of the indenture (and any supplemental indentures) governing such series. These terms may include the following:

| (1) | the designation of the debt securities of the series, including CUSIP numbers, which shall distinguish the debt                                
 securities of the series from the debt securities of all other series, and which may be part of a series of debt securities previously issued; |

| (2) | any limit upon the aggregate principal amount of the debt securities of the series that may be authenticated 
 and delivered under the indenture;                                                                           |

| (3) | the date or dates on which the principal of and premium, if any, on the debt securities of the series is                                                                                       
 payable or the method of determination and/or extension of such date or dates, and the amount or amounts of such principal and premium, if any, payments and methods of determination thereof; |

| (4) | the rate or rates at which the debt securities of the series shall bear interest (including any defaulted                                                                                                                                             
 interest), if any, or the method of calculating and/or resetting such rate or rates of interest, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the interest payment dates on 
 which any such interest shall be payable and the date or dates on which a record