Announces Underwriters’ Exercise of Greenshoe Option in Public Offering of Common Stock
Summary
, (GLOBE NEWSWIRE) -- (the "Company" or “GLPI") (NASDAQ: GLPI), today announced that the underwriters in the recently completed public offering of common stock of the Company have exercised their option to acquire an additional 1,200,000 shares of common stock at the public offering price of per share, less the underwriting discount. Pending such uses, the Company intends to use the net proceeds from the offering to repay borrowings under the senior credit facility or invest in interest-bearing accounts and short-term, interest-bearing securities. This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our expectations regarding our ability to complete the offering and apply the net proceeds as indicated, as well as our ability to complete the /Caesars Acquisitions and related transactions and the accretive impact of such transactions. Forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “believes”, “estimates”, “intends”, “may”, “will”, “should” or “anticipates” or the negative or other variation of these or similar words, or by discussions of future events, strategies or risks and uncertainties. GLPI undertakes no obligation to publicly update or revise any forward-looking statements contained or incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by law.