Cahill Represents Underwriter in $1.1 Billion Notes Offering for Gaming and Leisure Properties, Inc.
Date: 09/26/18
Cahill represented the underwriters in connection with a public offering of $350,000,000 aggregate principal amount of add-on 5.250% senior notes due 2025 and $750,000,000 aggregate principal amount of 5.300% senior notes due 2029 by GLP Capital, L.P. and GLP Financing II, Inc., each a subsidiary of Gaming and Leisure Properties, Inc., a triple-net lease real estate investment trust focused on properties leased to gaming operators. Proceeds from the offerings are expected to be used in connection with the acquisition of certain real estate assets from Tropicana Entertainment Inc., as well as certain real estate assets from Penn National Gaming, Inc., and for general corporate purposes.