---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-010235"
form_type: "8-K"
ticker: "VICI"
cik: "0001705696"
company_name: "VICI PROPERTIES INC."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:06:18.792861+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# VICI Properties launches 30.3M share forward sale offering at $31.845; expects ~$964M net proceeds

## Summary
- 30,302,500 shares (including 3,952,500 overallotment) offered via forward sale at $31.845 per share to underwriters.
- Initial forward sale price $31.845 per share; settlement expected within ~12 months via physical delivery of shares.
- If fully physically settled, net proceeds estimated at ~$964.4M after expenses.
- Proceeds to fund acquisitions, development, loans, and general corporate purposes, including debt repayment.
- Underwriters: Morgan Stanley, BofA, Citi, JPMorgan; agreements dated January 12, 2023.

## SEC filing metadata
- accession: 0001193125-23-010235
- form_type: 8-K
- ticker: VICI
- cik: 0001705696
- company_name: VICI PROPERTIES INC.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705696/000119312523010235/0001193125-23-010235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705696/000119312523010235/d465065d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-010235
- JSON: https://secwatch.observer/filing/0001193125-23-010235.json
- Plain text: https://secwatch.observer/filing/0001193125-23-010235.txt

## Key facts
- Material Agreements
  VICI PROPERTIES INC. entered into Underwriting Agreement with Morgan Stanley & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (effective 2023-01-12).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Morgan Stanley & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
  - Effective: 2023-01-12
  source text: VICI Properties Inc. (the “Company”) and VICI Properties OP LLC (“VICI OP”) entered into an underwriting agreement (the “Underwriting Agreement”), dated as of January 12, 2023, with Morgan Stanley & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters listed on Schedule I thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705696/000119312523010235/0001193125-23-010235-index.htm
- Material Agreements
  VICI PROPERTIES INC. entered into Forward Sale Agreements with Morgan Stanley & Co. LLC, Bank of America, N.A., Citibank, N.A. and JPMorgan Chase Bank, National Association valued at approximately $964.4 million (effective 2023-01-12).
  - Action: entry
  - Counterparty: Morgan Stanley & Co. LLC, Bank of America, N.A., Citibank, N.A. and JPMorgan Chase Bank, National Association
  - Value: approximately $964.4 million
  - Effective: 2023-01-12
  source text: on January 12, 2023, the Company entered into forward sale agreements (the “Forward Sale Agreements”) with each Forward Purchaser.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705696/000119312523010235/0001193125-23-010235-index.htm

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