VICI Properties Inc. announced the successful closing of its public offering of $750 million in aggregate principal amount of 5.125% senior unsecured notes due 2031. The notes were issued at 99.643% of par value, demonstrating market confidence in VICI's credit profile. This offering was made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.
The net proceeds from this offering are being used to repay VICI Properties L.P.'s outstanding $750 million aggregate principal amount of 3.500% senior notes due 2025. This action effectively refinances a significant portion of the company's near-term debt maturities, extending its debt profile.
The successful completion of this debt offering reinforces VICI's strong access to capital markets and its disciplined approach to balance sheet management. By proactively addressing debt obligations, the company maintains financial flexibility and strengthens its position for future investment opportunities.
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