Brief: Gaming And Leisure Properties To Acquire Real Property Assets Of Bally’s Two Rhode Island Assets For $1 Billion

Gaming and Leisure Properties

28/06/2022 21:45

June 28 (Reuters) - Gaming and Leisure Properties  GLPI.O :
    * GAMING AND LEISURE PROPERTIES TO ACQUIRE REAL PROPERTY
ASSETS OF
BALLY’S TWO RHODE ISLAND ASSETS FOR $1.0 BILLION
    * GAMING AND LEISURE PROPERTIES INC - TRANSACTION TO BE
COMPLETED
AT 7.6% CAPITALIZATION RATE
    * GAMING AND LEISURE PROPERTIES INC - EXPECTS TRANSACTION TO
BE
ACCRETIVE TO EARNINGS UPON CLOSING IN LATE 2022.
    * GAMING AND LEISURE PROPERTIES INC - INTENDS TO FUND
TRANSACTION
THROUGH A MIX OF DEBT, EQUITY, AND OP UNITS.

Source text for Eikon:  ID:nGNX6P2sjH 
Further company coverage:  GLPI.O 

 ((Reuters.Briefs@thomsonreuters.com;))