VICI PROPERTIES INC. (VICI): debt financing — VICI Properties LP closes $1.05B senior note offering to refinance 2024 maturities

VICI PROPERTIES INC.

Issued $550M 5.750% notes due 2034 and $500M 6.125% notes due 2054.
Net proceeds to repay $1,024.2M of 5.625% exchange notes due May 2024 and $25.8M of 5.625% senior notes due May 2024.
Redemption expected March 19 and March 25, 2024, at par plus accrued interest.
Notes are unsecured, rank equally with existing unsecured debt, and benefit from a pledge of LP interests.
New notes pay semi-annual interest starting Oct 1, 2024; step-down redemption schedules apply.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VICI PROPERTIES INC. incurred senior notes of $550,000,000 aggregate principal amount of 5.750% Notes due 2034 with UMB Bank, National Association at 5.750% per annum maturing April 1, 2034.

Instrument: senior notes
Principal: $550,000,000 aggregate principal amount of 5.750% Notes due 2034
Counterparty: UMB Bank, National Association
Rate: 5.750% per annum
Maturity: April 1, 2034
Event: incurrence

Exact text from the filing

On March 18, 2024, VICI Properties L.P., a Delaware limited partnership (“VICI LP”), completed the previously announced offering of $550,000,000 aggregate principal amount of 5.750% Notes due 2034

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VICI PROPERTIES INC. incurred senior notes of $500,000,000 aggregate principal amount of 6.125% Notes due 2054 with UMB Bank, National Association at 6.125% per annum maturing April 1, 2054.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount of 6.125% Notes due 2054
Counterparty: UMB Bank, National Association
Rate: 6.125% per annum
Maturity: April 1, 2054
Event: incurrence

Exact text from the filing

022 (the “Base Indenture”), between VICI LP, as issuer, and UMB Bank, National Association, as trustee (the “Trustee”), as supplemented by a Second Supplemental Indenture, dated as of March 18, 2024 (the “Second Supplemental Indenture”

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

VICI PROPERTIES INC. entered into Second Supplemental Indenture to Base Indenture with UMB Bank, National Association valued at $550,000,000 5.750% Notes due 2034 and $500,000,000 6.125% Notes due 2054 (effective 2024-03-18).

Action: entry
Agreement: notes offering
Counterparty: UMB Bank, National Association
Value: $550,000,000 5.750% Notes due 2034 and $500,000,000 6.125% Notes due 2054
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, VICI Properties L.P., a Delaware limited partnership (“VICI LP”), completed the previously announced offering of $550,000,000 aggregate principal amount of 5.750% Notes due 2034 (the “2034 Notes”) and $500,000,000 aggregate principal amount of 6.125% Notes due 2054 (the “2054 Notes” and, together with the 2034 Notes, the “Notes”).

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299 debt financings filed in the last 30 days. Browse all debt financings →

VICI PROPERTIES INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-035576

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