Gaming and Leisure Properties (GLPI) prices $500 million senior note offering.
Gaming and Leisure Properties, Inc. announced that it has priced an offering of $500 million 4.00% senior unsecured notes due 2031. The notes were priced at 98.827% to yield 4.138%, or 340 basis points over the treasury curve. Proceeds will be used to reduce borrowings under GLPI's $1.175 billion revolving credit facility, which was fully drawn as of March 31, 2020.
Gaming and Leisure Properties specializes in the ownership of casino gaming and hotel properties under net-lease arrangements with national operators. As of March 31, 2020, GLPI had a total market capitalization of approximately $12.3 billion.
Gaming and Leisure Properties specializes in the ownership of casino gaming and hotel properties under net-lease arrangements with national operators. As of March 31, 2020, GLPI had a total market capitalization of approximately $12.3 billion.
06/17/2020