Company: GLPI
Filing Date: 2025-08-27
Form Type: 8-K
Source: 0001193125-25-189701
Chunk: 1

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-27
Form: 8-K
Item: Item 2.03
Chunk 1
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 2037 Notes mature on November 1, 2037 and bear interest at a rate of 5.750% per annum. Interest on the 2037 Notes is payable on May 1 and November 1 of each year, beginning on May 1, 2026.

The Issuers may, at their option, redeem all or part of either series of Notes at any time prior to the date that is, with respect to the 2033 Notes, 60 days, and with respect to the 2037 Notes, 90 days, prior to the maturity date of the applicable series of Notes (the “ Par Call Date”), at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:

(1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a360-dayyear consisting of twelve30-daymonths) at the Treasury Rate (as defined in the Indenture) plus, in the case of the 2033 Notes, 20 basis points, and in the case of the 2037 Notes, 25 basis points less (b) interest accrued to the date of redemption, and

(2) 100% of the principal amount of the Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but excluding, the redemption date.

On or after the Par Call Date, the Issuers may redeem the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to the redemption date. The Notes also are subject to redemption requirements imposed by gaming laws and regulations.

The Notes are guaranteed on a senior unsecured basis by GLPI. The Notes are the Issuers’ senior unsecured obligations and rank pari passu in right of payment with all of the Issuers’ senior indebtedness, and senior in right of payment to all of the Issuers’ future subordinated indebtedness, if any, without giving effect to collateral arrangements. The Notes will be effectively subordinated to the Issuers’ future secured indebtedness, if any, to the extent of the value of the assets securing such indebtedness. The Notes will not be guaranteed by any of the Operating Partnership’s