Gaming and Leisure Properties, Inc.’s $600 Million At-the-Market Offering


Davis Polk advised the forward purchaser and the forward seller in connection with an at-the-market forward underwriting program for the offer and sale of shares of common stock of Gaming and Leisure Properties, Inc. from time to time having an aggregate offering price of up to $600 million.

Gaming and Leisure Properties, Inc.’s primary business consists of acquiring, financing and owning real estate property to be leased to gaming operators in triple-net lease arrangements.

Barclays Capital acted as the forward purchaser and the forward seller in the deal.

Goodwin Procter LLP advised Gaming and Leisure Properties on the transaction. Cahill Gordon & Reindel LLP represented the sales agent on the deal.

The Davis Polk equity derivatives team included partner Mark M. Mendez (Picture) and associate Justin Lashley.

Involved fees earner: Justin Lashley – Davis Polk & Wardwell; Mark Mendez – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Barclays Capital ;

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Author: Ambrogio Visconti