VICI Properties completes $1.3 billion in senior notes sale to refinance 2025 debt
VICI Properties L.P., the company's operating partnership, completed a $1.3 billion offering of unsecured notes due 2028 and 2035 on April 7, 2025. The company said it plans to use the net proceeds to repay about $1.3 billion of notes maturing in May and June 2025 and a small remaining amount due in 2025.
- $400 million of 4.750% notes due April 1, 2028, issued at 99.729% of par
- $900 million of 5.625% notes due April 1, 2035, issued at 99.219% of par
- Proceeds planned to repay $500.0 million 4.375% notes (redeemed April 8, 2025), $799.4 million 4.625% notes (redeemed April 8, 2025), and $0.6 million 4.625% notes (redeemed April 26, 2025)