debt
confidence high
sentiment neutral
materiality 0.75
VICI Properties issues $5.0B senior notes across five tranches to fund MGP acquisition and repay debt
VICI PROPERTIES INC.
- Issued $500M 4.375% notes due 2025, $1.25B 4.750% notes due 2028, $1.0B 4.950% notes due 2030, $1.5B 5.125% notes due 2032, $750M 5.625% notes due 2052.
- Net proceeds estimated at ~$4.9345B after underwriting discounts and expenses.
- Proceeds to fund redemption of MGM Growth Properties units and repay $600M outstanding under revolving credit facility.
- Offering expected to close on April 29, 2022, subject to customary conditions.