GLPI Gaming and Leisure Properties Inc

Make-whole call at T+25 basis points

In addition, on or after June 15, 2034 (3 months prior to the maturity date of the 2034 notes), the Issuers may redeem the 2034 notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2034 notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.

Make-whole call at T+30 basis points

In addition, on or after March 15, 2054 (6 months prior to the maturity date of the 2054 notes), the Issuers may redeem the 2054 notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the 2054 notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.

August 6, 2024 (T+5)

The settlement date of the notes is expected to be August 6, 2024, the fifth business day following the trade date (such settlement date being referred to as “T+5”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes prior to the date that is one business day preceding the settlement date will be required, by virtue of the fact that the notes initially settle in T+5 to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes during such period should consult their advisors.

The estimated net proceeds from the offering are expected to be approximately $1,177.2 million after deducting underwriting discounts and commissions and estimated offering expenses payable by the Issuers.

The Issuers intend to use the net proceeds of this offering for working capital and general corporate purposes, which may include the funding of announced transactions, development and improvement of properties, repayment of indebtedness, capital expenditures and other general business purposes.

Wells Fargo Securities, LLC

Citizens JMP Securities, LLC

Fifth Third Securities, Inc.

Truist Securities, Inc.

M&T Securities, Inc.

Mizuho Securities USA LLC

SMBC Nikko Securities America, Inc.

U.S. Bancorp Investments, Inc.

KeyBanc Capital Markets Inc.

RBC Capital Markets, LLC

Barclays Capital Inc.

Scotia Capital (USA) Inc.

BofA Securities, Inc.

J.P. Morgan Securities LLC

Capital One Securities, Inc.

Goldman Sachs & Co. LLC

Citigroup Global Markets Inc.

Centerview Partners LLC

CBRE Capital Advisors, Inc.