secwatch.observer — SEC 8-K summary
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Issuer:     VICI PROPERTIES INC. (VICI)
CIK:        0001705696
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001104659-25-008898
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705696/000110465925008898/0001104659-25-008898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705696/000110465925008898/tm254973d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-008898

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