debt
confidence high
sentiment neutral
materiality 0.50
VICI Properties prices $1.3B senior notes offering to refinance 2025 maturities
VICI PROPERTIES INC.
- Issued $400M of 4.750% senior notes due 2028 and $900M of 5.625% senior notes due 2035.
- Net proceeds estimated at $1.2807B after underwriting discounts and expenses.
- Proceeds to repay $500M of 4.375% notes due May 2025 and $799.4M of 4.625% notes due June 2025.
- Offering expected to close April 7, 2025, subject to customary conditions.