---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-134159"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:42:02.218532+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# VICI closes MGP acquisition; issues $5.0B senior notes, new $860M MGM lease

## Summary
- Merger with MGM Growth Properties closed on April 29, 2022; VICI acquires MGP's portfolio.
- Amended MGM master lease has initial annual rent of $860M, 25-year term with three 10-year renewal options.
- Issued $5.0B aggregate senior notes: 2025 ($0.5B), 2028 ($1.25B), 2030 ($1.0B), 2032 ($1.5B), 2052 ($0.75B).
- Net proceeds used to redeem a majority of VICI OP Units from MGM and repay revolving credit.
- Exchanged ~$4.1B of MGP notes; ~$90M remain as obligations of VICI Properties 2 L.P.

## SEC filing metadata
- accession: 0001193125-22-134159
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000119312522134159/0001193125-22-134159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000119312522134159/d291163d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-134159
- JSON: https://secwatch.observer/filing/0001193125-22-134159.json
- Plain text: https://secwatch.observer/filing/0001193125-22-134159.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.