debt
confidence high
sentiment neutral
materiality 0.55
VICI Properties issues $750M 5.125% senior notes due 2031 to repay 2025 notes
VICI PROPERTIES INC.
- $750M aggregate principal of 5.125% Senior Notes due 2031 issued at 99.643% of par.
- Net proceeds ~$740.1M; will repay $750M of 3.500% senior notes maturing 2025.
- Notes mature Nov 15, 2031; interest payable semi-annually starting May 15, 2025.
- Offering expected to close Dec 19, 2024; underwriters led by J.P. Morgan, Wells Fargo, Barclays, Deutsche Bank.