VICI Properties Closes $1.75 Billion Senior Notes Offering

Business Wire··US·Read original
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Summary · why it matters

VICI Properties announced that its subsidiary VICI Properties L.P. has completed a public offering of $1.75 billion in senior unsecured notes. The offering consists of $900 million of 5.400% notes due 2031 issued at 99.966% of par, and $850 million of 5.750% notes due 2036 issued at 98.375% of par. The issuer intends to use the net proceeds to repay all or a portion of its outstanding 4.500% senior notes due 2026 totaling $500 million and its 4.250% senior notes due 2026 totaling $1.25 billion. Wells Fargo Securities, Barclays Capital, Mizuho Securities, Truist Securities, BNP Paribas, BofA Securities, Capital One Securities, Citigroup, Citizens JMP Securities, J.P. Morgan Securities and SMBC Nikko Securities acted as joint book-running managers.

Impact on assets 10

Financials▲
Real Estate▲
VICI Properties Inc
VICI
± MixedCapitalrelevance

Debt refinancing with new notes; no direct impact on operations, but financial restructuring.

Digital Finance & Tokenization▲

Off-coverage companies 1

J.P. Morgan Securities LLCi
Private± Mixedrelevance