debt
confidence high
sentiment neutral
materiality 0.55
VICI LP issues $750M 5.125% notes due 2031 to refinance maturing 2025 notes
VICI PROPERTIES INC.
- Issued $750M aggregate principal of 5.125% senior notes due Nov 15, 2031 at 99.643% of par.
- Net proceeds used to redeem $750M of outstanding 3.500% senior notes due Feb 15, 2025 on Dec 20, 2024.
- Notes are unsecured and unsubordinated, rank equally with existing unsecured debt; not guaranteed by VICI Properties Inc.
- Limited equity pledge secures the notes; indenture includes covenants on incurring secured debt and maintaining unencumbered assets.