VICI Properties Inc. Announces Credit Rating Upgrade by Moody’s to Baa3 With Stable Outlook
18 Noviembre 2024 - 3:15PM
Business Wire
VICI Properties Inc. (NYSE: VICI) (“VICI”, “VICI Properties” or
the “Company”) announced today that Moody’s Investors Service, Inc.
(“Moody’s”) upgraded its issuer credit rating for VICI Properties
L.P. to ‘Baa3’ from ‘Ba1’, with a stable outlook.
David Kieske, Chief Financial Officer of VICI Properties, said,
“Today’s announcement reflects the strong credit profile VICI has
worked tirelessly to build since the Company’s inception. We have
used each transformational transaction along the way to improve our
balance sheet and to best position ourselves for credit rating
improvements. This rating upgrade solidifies our investment grade
status across all three rating agencies, and we expect the upgrade
to positively impact our cost of, and access to, capital.”
In its public announcement on the matter, Moody’s noted that
“VICI's credit profile benefits from its dominant size and scale,
resilient operating cash flow, good liquidity, and disciplined
financial policy.”
About VICI Properties
VICI Properties Inc. is an S&P 500® experiential real estate
investment trust that owns one of the largest portfolios of
market-leading gaming, hospitality and entertainment destinations,
including Caesars Palace Las Vegas, MGM Grand and the Venetian
Resort Las Vegas, three of the most iconic entertainment facilities
on the Las Vegas Strip. VICI Properties owns 93 experiential assets
across a geographically diverse portfolio consisting of 54 gaming
properties and 39 other experiential properties across the United
States and Canada. The portfolio is comprised of approximately 127
million square feet and features approximately 60,300 hotel rooms
and over 500 restaurants, bars, nightclubs and sportsbooks. Its
properties are occupied by industry-leading gaming, leisure and
hospitality operators under long-term, triple-net lease agreements.
VICI Properties has a growing array of real estate and financing
partnerships with leading operators in other experiential sectors,
including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf
Resorts, Homefield and Kalahari Resorts. VICI Properties also owns
four championship golf courses and approximately 33 acres of
undeveloped and underdeveloped land adjacent to the Las Vegas
Strip. VICI Properties’ goal is to create the highest quality and
most productive experiential real estate portfolio through a
strategy of partnering with the highest quality experiential place
makers and operators. For additional information, please visit
www.viciproperties.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. You can identify these
statements by our use of the words “assumes,” “believes,”
“estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,”
“will,” and similar expressions that do not relate to historical
matters. All statements other than statements of historical fact
are forward-looking statements. You should exercise caution in
interpreting and relying on forward-looking statements because they
involve known and unknown risks, uncertainties, and other factors
which are, in some cases, beyond VICI’s control and could
materially affect actual results, performance, or achievements.
Important risk factors that may affect VICI’s business, results of
operations and financial position are detailed from time to time in
VICI’s filings with the Securities and Exchange Commission. VICI
does not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise, except as may be required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241118305811/en/
Investor Contacts: Investors@viciproperties.com (646)
949-4631 Or David Kieske EVP, Chief Financial Officer
DKieske@viciproperties.com Moira McCloskey SVP, Capital Markets
MMcCloskey@viciproperties.com LinkedIn:
www.linkedin.com/company/vici-properties-inc
Vici Properties (NYSE:VICI)
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