Gaming and Leisure Properties Inc.'s operating partnership, GLP Capital LP, and GLP Financing II Inc. priced their cash tender offer for up to $500.0 million of their $1.00 billion of 4.875% senior notes due 2020.
The casino real estate investment trust said approximately $782.6 million of the notes were validly tendered at or before 5 p.m. ET on the early tender deadline of Aug. 28. The early settlement date is Aug. 30.
Note holders will receive consideration of $993.37 per $1,000 principal amount on any tendered notes. The offering will expire at 11:59 p.m. ET on Sept. 12, unless extended or earlier terminated by the REIT.
The settlement date for the tendered notes following the Aug. 28 deadline but at or before the Sept. 12 expiration date is scheduled for Sept. 16.
Wells Fargo Securities LLC is the dealer manager for the tender offer, while D.F. King & Co. Inc. is the tender and information agent.
