VICI Properties L.P., a subsidiary of VICI Properties Inc., announced the pricing of a public offering of $750 million in aggregate principal amount of 5.125% senior unsecured notes due 2031. The notes were priced at 99.643% of par value, with interest payable semi-annually beginning May 15, 2025. The offering is anticipated to close on December 19, 2024, subject to customary closing conditions.
The net proceeds from this offering are intended to repay VICI's outstanding $750 million aggregate principal amount of 3.500% senior notes due 2025. This strategic refinancing move aims to proactively manage the company's debt maturity profile and maintain a strong balance sheet by replacing lower-yielding debt with new notes at a higher rate.
This financing activity demonstrates VICI's continued access to capital markets and its commitment to disciplined financial management. By addressing upcoming debt maturities well in advance, the company ensures continued financial stability and flexibility for future investments and general corporate purposes.
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.