GLPI Raises Revolving Credit Commitments to $2.09 Billion, Extends Maturity to 2028
GLP Capital, the operating partnership of Gaming and Leisure Properties, amended its credit agreement on December 2, 2024, increasing revolving commitments from $1.75 billion to $2.09 billion and extending the maturity date to December 2, 2028. The amendment also lets GLP re-allocate up to $1.04 billion of existing commitments into Bridge Revolving Facilities, which are intended solely to fund cash distributions to third-party property contributors.
Key points
- Revolving commitments increased from $1,750,000,000 to $2,090,000,000
- Maturity of revolving loans and commitments extended to December 2, 2028
- Up to $1,040,000,000 in existing commitments may be re-allocated to Bridge Revolving Facilities, subject to conditions including pro forma covenant compliance and a satisfactory conditional guarantee
- Wells Fargo Bank, National Association serves as administrative agent
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 04, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.