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Legal News

Cahill Represents Debt Financing Sources for Gaming and Leisure Properties, Inc.

Date: 05/21/18

Cahill represented the underwriters in connection with a public offering of $500,000,000 aggregate principal amount of 5.250% senior notes due 2025 and $500,000,000 aggregate principal amount of 5.750% senior notes due 2028 by GLP Capital, L.P. and GLP Financing II, Inc., each a subsidiary of Gaming and Leisure Properties, Inc. Cahill represented the dealer manager and solicitation agent in connection with a cash tender offer and consent solicitation of GLP Capital, L.P. and GLP Financing II, Inc.’s 4.375% senior notes due 2018. Proceeds from the offering were used to refinance certain existing indebtedness, to finance, in part, the cash tender offer and for general corporate purposes.


Cahill also represented the lead arrangers in connection with a repricing of GLP Capital, L.P.’s $ 1,100,000,000 revolving credit facility. Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes.