VICI Properties replaces $2.5B revolver due 2026 with new $2.5B facility maturing 2029

VICI PROPERTIES INC.

New $2.5B senior unsecured revolver matures Feb 3, 2029; includes two 6-month or one 12-month extension option.
Up to $147.5M drawn at closing to repay existing facility; facility can increase to $3.5B revolver plus $2.0B term loans.
Interest margins: SOFR + 0.70%-1.40% or base + 0.00%-0.40%; facility fee 0.10%-0.30% based on ratings/leverage.
Financial covenants: debt/assets ≤60%, EBITDA/fixed charges ≥1.50x, secured debt ≤40%, unsecured debt/asset value ≤60%.
Includes $1.25B Alternative Currency Sublimit for borrowings in Sterling, Euros, AUD, CAD, NZD, Yen.

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