other material
confidence high
sentiment neutral
materiality 0.60
VICI Properties enters $1.5B ATM equity distribution program, terminates prior program
VICI PROPERTIES INC.
- Up to $1.5B aggregate gross sales price of common stock may be sold through managers as agents or forward sellers.
- Prior ATM program terminated with approximately $284.1M unsold.
- Proceeds to be contributed to VICI OP for acquisitions, development, loans, and general corporate purposes.
- Managers' commission not to exceed 2.0% of gross sales price.
- Forward sale agreements allow borrowing and selling shares; settlement may be physical, cash, or net share.