Cahill Represents Underwriters in $1.375 Billion Senior Notes Offering by Gaming and Leisure Properties
Date: 04/28/16
Cahill represented J.P. Morgan, BofA Merrill Lynch, Wells Fargo Securities, Fifth Third Securities, UBS Investment Bank, Credit Agricole CIB, Nomura, SunTrust Robinson Humphrey, Barclays, and Oppenheimer & Co. as joint book-running managers in connection with the public offering of $1,375,000,000 of Senior Notes, comprised of $400,000,000 aggregate principal amount of 4.375% Senior Notes due 2021 and $975,000,000 aggregate principal amount of 5.375% Senior Notes due 2026 by Gaming and Leisure Properties. Proceeds from the transaction will be used in part to fund the acquisition of the real estate assets of Pinnacle Entertainment, as well as for general corporate purposes and to refinance existing indebtedness.