VICI Properties sells $1.3 billion in senior notes due 2028 and 2035
VICI Properties' operating partnership agreed on March 26, 2025 to issue $400 million of 4.750% notes due 2028 and $900 million of 5.625% notes due 2035, with estimated net proceeds of about $1,280.7 million. The company plans to use the proceeds mainly to repay $1.3 billion of notes maturing in 2025, with any remainder for general corporate purposes, and the offering is expected to close on April 7, 2025.
Key points
- 2028 notes: $400 million at 4.750% coupon, issued at 99.729% of par, maturing April 1, 2028
- 2035 notes: $900 million at 5.625% coupon, issued at 99.219% of par, maturing April 1, 2035
- Proceeds will repay $500.0 million of 4.375% notes due 2025, $799.4 million of 4.625% notes due 2025, and $0.6 million of 2025 MGP notes
- Closing is expected April 7, 2025, subject to customary conditions
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.