debt
confidence high
sentiment neutral
materiality 0.65
VICI Properties enters into $3.5B credit facilities; terminates existing $1.0B revolver
VICI PROPERTIES INC.
- New $2.5B unsecured revolver maturing Mar 2026 plus $1.0B delayed draw term loan maturing Mar 2025.
- Each facility has two extension options; revolver can be increased by $1.0B, term loan by $1.0B.
- Interest: revolver at SOFR+0.775%-1.325% or base+0%-0.325% based on credit ratings; term loan similarly priced.
- Proceeds for general corporate purposes including pending MGP Growth Properties and Venetian Resort acquisitions.
- Existing $1.0B secured revolver terminated; all liens released.