Gaming and Leisure’s GLP financing units offer senior notes

Chicago, Nov. 15 – Gaming and Leisure Properties, Inc.’s subsidiaries, GLP Capital, LP and GLP Financing II, Inc., are offering fixed-rate senior notes (//BBB-), according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Gaming and Leisure.

There will be make-whole call protection until the par call date a number of months before the maturity date.

Wells Fargo Securities, LLC, Citizens JMP Securities, Inc., Fifth Third Securities, Inc. and Truist Securities, Inc. are the bookrunners.

Computershare Trust Co., NA will be the trustee.

Goodwin Procter LLP is listed as counsel for the issuers. Paul Hastings LLP is working for the underwriters. Holland & Knight LLP may help both firms on certain legal matters in connection with Pennsylvania law.

Proceeds will be used for working capital and general corporate purposes, which may include the acquisition, development and improvement of properties, the repayment of debt, capital expenditures and other general business purposes.

Wyomissing, Pa.-based Gaming and Leisure is a self-administered and self-managed real estate investment trust focused on gaming and leisure operators.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.