Cahill Represents the Administrative Agent and the Lead Arrangers in an Amendment to Revolving Credit Facility and $600 Million Delayed Draw Term Loan Credit Facility for GLP Capital, L.P.
Date: 09/02/22
Cahill represented the administrative agent and the lead arrangers in connection with an amendment to GLP Capital, L.P.’s revolving credit facility, which permits the borrower to re-allocate up to $700 million in existing revolving commitments to a new bridge facility. Cahill also represented the administrative agent and the lead arrangers in connection with a $600,000,000 delayed draw term A credit facility for GLP Capital, L.P. Proceeds from the bridge facility and the delayed draw term A facility will be used for an acquisition by the borrower. GLP Capital, L.P. is a REIT that acquires real property assets leased to gaming operators.