other material
confidence high
sentiment neutral
materiality 0.60
VICI Properties closes ~$580M forward equity offering of 19M shares at $30.565
VICI PROPERTIES INC.
- Sold 18,975,000 shares via forward offering at $30.565/share; underwriters exercised full over-allotment option.
- Net proceeds expected ~$579.6M upon full physical settlement of forward sale agreements.
- Proceeds to fund property acquisitions, loan originations, and general corporate purposes.
- Forward sale agreements allow cash or net-share settlement; physical delivery of shares expected within 12 months.
- Offering closed on November 8, 2022.