other material
confidence high
sentiment neutral
materiality 0.50
VICI Properties enters $2B at-the-market equity distribution agreement, replacing prior program
VICI PROPERTIES INC.
- New ATM program allows sale of up to $2.0 billion of common stock through multiple managers.
- Prior ATM program terminated; $551.5M in unsold capacity remained.
- Proceeds to be contributed to VICI OP for acquisitions, development, loans, and general corporate purposes.
- Managers receive commission up to 2.0% of gross sales price; also includes forward sale agreements.