EFTA Document EFTA01385358

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite stream, (2) ability to close acquisitions without necessarily increasing leverage, (3) free cash flow generation and de-levering starting in 2017, and (4) strong liquidity and limited maturities. For 2017, we project GLPI to generate adjusted EBITDA of $886 million (+23.0% versus 8721 million) on revenues of $973 million (+17.5% versus $828 million). Factoring the impact from S4 million of capital expenditures, $