Press Release May 06, 2016

Gaming and Leisure Properties Completes $1.375 Billion Senior Notes Offering and $750 Million Common Stock Offering

Goodwin Procter advised Gaming and Leisure Properties, Inc. (GLPI), the first publicly traded gaming-focused REIT, in connection with public offerings of $400 million of 4.375% Senior Notes due 2021, $975 million of 5.375% Senior Notes due 2026 and $750 million of its common stock. The net proceeds from the offerings were used to partially finance GLPI’s acquisition of substantially all of Pinnacle Entertainment, Inc.’s real estate assets.

GLPI’s primary business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in “triple net” lease arrangements.

The Goodwin team representing GLPI included partners James Barri, David Patton, Milena Tantcheva, counsel Suzanne Lecaroz and associates Sonita Bennitt, Eryn Mathews, Tim Nguyen, Daniel Koehler and Tiffany Williamson.

For additional details on the transactions, please read GLPI’s press releases on the senior notes offering, the common stock offering and the Pinnacle real estate acquisition.