What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2021-02-19 compared with 2020-02-21 · 3 added, 7 removed, 21 unchanged (32% of the section changed)

5 unchanged sentences

GLPI’s primary market risk exposure is interest rate risk with respect to its indebtedness of $5,799.9 million at December 31, 2020.

Furthermore, $5,290.2 million of our obligations are the senior unsecured notes that have fixed interest rates with maturity dates ranging from less than one year to ten years.

Furthermore, $5,375.0 million of our obligations are the senior unsecured notes that have fixed interest rates with maturity dates ranging from two and one-half years to ten years.

An increase in interest rates could make the financing of any acquisition by GLPI more costly, as well as increase the costs of its variable rate debt obligations.

6 unchanged sentences

Notional amounts are used to calculate the contractual payments to be exchanged by maturity date and the weighted-average interest rates for our variable rate debt are based on implied forward LIBOR rates at December 31, 2020.

1/01/20- 12/31/20

1/01/21- 12/31/21

1/01/22- 12/31/22

1/01/23- 12/31/23

1/01/24- 12/31/24

Fair Value at 12/31/2019

1/01/21- 12/31/21 1/01/22- 12/31/22 1/01/23- 12/31/23 1/01/24- 12/31/24 1/01/25 12/31/25 Thereafter Total Fair Value at 12/31/2020

(in thousands)

Long-term debt:

Fixed rate $ — $ — $ 500,000 $ 400,000 $ 850,000 $ 3,625,000 $ 5,375,000 $ 6,026,840

Average interest rate 5.38 % 3.35 % 5.25 % 4.88 %

4 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.