Cahill Represents Underwriters in $396 Million Offering for Gaming and Leisure Properties, Inc.
Cahill represented the underwriters in connection with a public offering of common stock by Gaming and Leisure Properties, Inc., resulting in net proceeds of approximately $396 Million. The offering made available 8,855,000 shares of common stock, which included the full exercise of the underwriters’ over-allotment option. Proceeds from the offering are intended to be used for acquisition by issuer, general corporate purposes and repay debt. Gaming and Leisure Properties is the nation’s first real estate investment trust focused on acquiring real property assets leased to gaming operators.