VICI Properties issues $1.05B in senior notes to refinance 2024 maturities

VICI PROPERTIES INC.

$550M 5.750% notes due 2034 and $500M 6.125% notes due 2054 issued by VICI LP at 99.186% and 98.192% of par.
Net proceeds of ~$1,025.5M will repay $1,024.2M of 5.625% exchange notes and $25.8M of 5.625% notes due 2024.
Interest payable semi-annually on April 1 and October 1, starting October 1, 2024.
Offering expected to close March 18, 2024, subject to customary conditions.
Underwriters include Wells Fargo, J.P. Morgan, BofA Securities, and Goldman Sachs.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VICI PROPERTIES INC. entered into Underwriting Agreement with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC, as representatives of the several underwriters valued at $550 million aggregate principal amount of 5.750% Senior Notes due 2034 and $500 million aggregate p (effective 2024-03-07).

Action: entry
Agreement: underwriting
Counterparty: Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC, as representatives of the several underwriters
Value: $550 million aggregate principal amount of 5.750% Senior Notes due 2034 and $500 million aggregate p
Effective: 2024-03-07

Exact text from the filing

entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC, as representatives of the several underwriters listed on Schedule I thereto (collectively, the “Underwriters”), pursuant to which VICI LP agreed to issue and sell $550 million aggregate principal amount of 5.750% Senior Notes due 2034

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Source: SEC EDGAR

accession 0001104659-24-032475

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