WYOMISSING, Pa., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. ("GLPI") (NASDAQ:GLPI) today announced the pricing of a public offering of $800,000,000 aggregate principal amount of senior notes due 2036 (the "Notes"), to be issued by its operating partnership, GLP Capital, L.P. (the "Operating Partnership"), and GLP Financing II, Inc., a wholly-owned subsidiary of the Operating Partnership (together with the Operating Partnership, the "Issuers"). The Notes priced at 99.857% of par value, with a coupon of 5.625%, and will mature on March 1, 2036. The Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.

The Issuers intend to use the net proceeds from the offering to repay borrowings outstanding under the Operating Partnership's term loan credit facility. The Issuers intend to use remaining proceeds for working capital and general corporate purposes, which may include acquisitions, funding development and expansion projects at existing and new properties, repayment of indebtedness, capital expenditures and other general business purposes. The offering is expected to close on March 4, 2026, subject to the satisfaction of certain closing conditions.

The offering will be made under an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC") and only by means of a prospectus and prospectus supplement. The preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available by visiting the EDGAR database on the SEC's website at www.sec.gov.

Wells Fargo Securities, LLC, Truist Securities, Inc., Citizens JMP Securities, LLC, Fifth Third Securities, Inc., SMBC Nikko Securities America, Inc., U.S. Bancorp Investments, Inc., M&T Securities, Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC, KeyBanc Capital Markets Inc., Raymond James & Associates, Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Barclays Capital Inc., Scotia Capital (USA) Inc., Capital One Securities, Inc., Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC are serving as joint book-running managers for the offering. A copy of the preliminary prospectus supplement, final prospectus supplement (when available) and the accompanying prospectus relating to the offering of the Notes may be obtained by calling Wells Fargo Securities, LLC at 1-800-645-3751, Truist Securities, Inc. at 1-800-685-4786, Citizens JMP Securities, LLC at 1-617-725-5500, or Fifth Third Securities, Inc. at 1-866-531-5353.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale will be ...