VICI Properties L.P. announced the pricing of a public offering of $1.3 billion in aggregate principal amount of senior unsecured notes. The offering consists of $400.0 million of 4.750% senior notes due 2028 and $900.0 million of 5.625% senior notes due 2035. Interest on these notes will be payable semi-annually, commencing October 1, 2025.
The offering is expected to close on April 7, 2025, subject to customary closing conditions. The net proceeds are designated for the repayment of approximately $1.3 billion in outstanding senior notes due in 2025, specifically $500.0 million of 4.375% notes, $799.4 million of 4.625% senior exchange notes, and $0.6 million of 4.625% senior notes.
This proactive refinancing strategy aims to manage VICI's debt maturity schedule and reduce refinancing risk ahead of upcoming obligations. The successful pricing of this large offering demonstrates the company's continued access to the investment-grade debt market and its commitment to maintaining a robust balance sheet.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.