Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 11

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 11
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| Securities | $  aggregate principal amount of % Senior Notes due 20  and $  aggregate principal amount of % Senior Notes due 20 . |

| Maturity | The 20  notes will mature on     , 20 . The 20  notes will mature on    , 20 . |

| Interest Rate | Interest on the 20  notes will be payable in cash and will accrue at a rate of % per annum. Interest on the 20  notes will be payable in cash and will accrue at a rate of % per annum. |

| Interest Payment Dates | and     of each year, commencing    ,     2026. Interest will accrue from    , 2025. |

| Guarantees | The notes will be guaranteed on a senior unsecured basis by GLPI. The notes will not be guaranteed by any of our subsidiaries; provided that, in the event that $100.0 million principal amount or more of certain of our existing or future 
 debt securities are guaranteed or co-issued by any of the Operating Partnership’s subsidiaries (other than Capital Corp.), such subsidiaries will be required to guarantee the notes.                                                        |

| Ranking | The notes and GLPI’s guarantee of the notes will be our and GLPI’s general senior unsecured obligations and will: |

| • |     | rank equally in right of payment with all of our and GLPI’s existing and future senior unsecured                                                     
 indebtedness, including our existing senior unsecured notes, Revolving Credit Facility and Tern Loan Credit Facility, and GLPI’s guarantees thereof; |

| • |     | rank senior in right of payment to all of our and GLPI’s future subordinated indebtedness; |

| • |     | be effectively subordinated to all of our and GLPI’s future secured indebtedness to the extent of the value 
 of the collateral securing such indebtedness; and                                                           |

| • |     | be structurally subordinated to all indebtedness and other liabilities of any of GLPI’s subsidiaries that is 
 not an Issuer.                                                                                               |

| Unless and until our subsidiaries become guarantors of the notes, creditors of our subsidiaries (including, potentially