M&A
confidence high
sentiment neutral
materiality 0.60
VICI extends exchange offer deadline to March 31 for up to $4.2B MGP notes tied to merger
VICI PROPERTIES INC.
- Expiration date of exchange offers extended from Feb 15 to March 31, 2022.
- Up to $4.20B aggregate principal of new VICI notes offered for outstanding MGP notes.
- As of Feb 11, tender percentages range 91.41% to 97.89% across note series.
- Offers conditioned on closing of VICI-MGP merger, still expected in first half 2022.
- Supplemental indentures executed; proposed amendments will become operative on settlement date.