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.
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.