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Gaming and Leisure Properties Floating $500 Million in Debt; Dividend Disbursement Approved

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Gaming and Leisure Properties Floating $500 Million in Debt; Dividend Disbursement Approved

Gaming and Leisure Properties (NASDAQ: GLPI) will soon see its coffers swell. The casino-focused real estate investment trust (REIT) announced that it is floating $500 million worth of senior unsecured notes in a public offering that's expected to close on Thursday, June 25.

The notes bear an annual interest rate of 4%, and they mature in 2031. They will be offered at 98.827% of face value.

Image source: Getty Images.

Source Fool.com

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