Gaming & Leisure Properties Inc. completed an offering of $400.0 million of 3.350% senior notes due Sept. 1, 2024, and $700.0 million of 4.000% senior notes due Jan. 15, 2030.
The offering generated net proceeds of about $1.09 billion, the bulk of which was used to fund a cash tender offer to acquire up to any and all of the $1.00 billion of the issuers' outstanding 4.875% senior unsecured notes due Nov. 1, 2020, among other uses.
Wells Fargo Bank NA was the trustee.
