VICI Properties Announces Closing of $750 Million Senior Unsecured Notes Offering
19 Diciembre 2024 - 3:15PM
Business Wire
VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the
“Company”) announced today that its subsidiary, VICI Properties
L.P. (the “Issuer”), has completed its public offering of $750
million in aggregate principal amount of 5.125% senior unsecured
notes due 2031 (the “Notes”). The Notes were issued at 99.643% of
par value and will mature on November 15, 2031.
The Issuer intends to use the net proceeds from the offering to
repay its outstanding $750 million in aggregate principal amount of
3.500% senior notes due 2025.
J.P. Morgan, Wells Fargo Securities, Barclays, Deutsche Bank
Securities, Goldman Sachs & Co. LLC, Morgan Stanley, BofA
Securities, Citigroup, Scotiabank, BNP PARIBAS, Citizens Capital
Markets, Truist Securities, SMBC Nikko, Mizuho and Capital One
Securities acted as joint book-running managers for the offering.
CBRE acted as co-manager for the offering.
The offering was made pursuant to an effective shelf
registration statement filed by the Company and the Issuer with the
Securities and Exchange Commission (the “SEC”) and only by means of
a prospectus and prospectus supplement. A copy of the prospectus
supplement and accompanying prospectus relating to the offering may
be obtained from: J.P. Morgan Securities LLC, 383 Madison Avenue,
New York, New York, 10179, Attention: Investment Grade Syndicate
Desk, telephone collect at 1-212-834-4533; Wells Fargo Securities,
LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn:
WFS Customer Service (telephone: (800) 645-3751 or email:
wfscustomerservice@wellsfargo.com); Barclays Capital Inc. at c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by telephone at (888) 603-5847 or by email at
Barclaysprospectus@broadridge.com; or Deutsche Bank Securities
Inc., Attention: Prospectus Department, at 1 Columbus Circle, New
York, NY 10019, by telephone at (800) 503-4611 or by email at
Prospectus.Ops@db.com, or by visiting the EDGAR database on the
SEC’s web site at www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor will there be
any sale of these securities in any state or other jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or jurisdiction.
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 Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts,
Homefield, Kalahari Resorts and Lucky Strike Entertainment. 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.
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 the Company’s or the Issuer’s
control and could materially affect actual results, performance, or
achievements. Important risk factors that may affect the Company’s
business, results of operations and financial position are detailed
from time to time in the Company’s filings with the SEC. The
Company and the Issuer do 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/20241219151564/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
Vici Properties (NYSE:VICI)
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