Gaming and Leisure Properties unit borrows USD 679 million term loan under amended credit agreement

Reuters03-11 04:54

Gaming and Leisure Properties unit borrows USD 679 million term loan under amended credit agreement

GLP Capital, the operating partnership of Gaming and Leisure Properties, entered Amendment No. 3 to its May 13, 2022 credit agreement with Wells Fargo as administrative agent and other lenders. Under the amendment, GLP Capital borrowed a new USD 679 million term loan to repay USD 679 million of outstanding bridge revolving loans. The term loan matures on Dec. 2, 2028, with two six-month extension options. Interest is based on either SOFR or a base rate, with margins ranging from 1% to 2% for SOFR loans depending on credit ratings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gaming and Leisure Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-100314), on March 10, 2026, and is solely responsible for the information contained therein.

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