Gaming and Leisure to price new dollar-denominated notes

By Rebecca Melvin

New York, June 17 – GLP Capital LP and GLP Financing II Inc. plan to sell new dollar-denominated senior notes guaranteed by Gaming and Leisure Properties, Inc., according to a Rule 424B5 filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Fifth Third Securities Inc., BofA Securities Inc., Citizens Capital Markets Inc., SunTrust Robinson Humphrey Inc., M&T Securities Inc., Credit Agricole CIB, Barclays, Goldman Sachs & Co. LLC, Capital One Securities Inc., KeyBank Capital Markets Inc. and Mizuho Securities USA LLC are the joint bookrunners of the deal.

The notes are callable at par plus a make-whole premium.

The proceeds will be used, together with cash on hand, to reduce the company’s borrowings under its revolving credit facility, with a portion going toward fees and expenses related to the offering and for working capital and general corporate purposes, including fees and expenses associated with a credit agreement amendment.

The issuer is a Wyomissing, Pa.-based real estate investment trust.

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