other material
confidence high
sentiment neutral
materiality 0.55
VICI extends exchange offer expiry for MGP notes to Feb 15, 2022; >90% tendered
VICI PROPERTIES INC.
- Expiration date for exchange offers extended from Dec 31, 2021 to Feb 15, 2022.
- Up to $4.20B of new VICI notes offered in exchange for MGP notes; condition to Merger closing in H1 2022.
- Over 91% of each series tendered as of Dec 27, 2021; e.g., 96.09% of 2024 notes and 98.06% of 2029 notes.
- Requisite consents received; supplemental indentures executed on Sep 23, 2021, effective on settlement date.
- Tenders may be withdrawn at any time before the Expiration Date; further extensions possible if needed.