VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or the “Company”) announced that its wholly owned subsidiaries VICI Properties L.P. (the “Operating Partnership”) and VICI Note Co. Inc. (the “Co-Issuer” and, together with the Operating Partnership, the “Issuers”) have closed on their offering of $1.25 billion aggregate principal amount of 4.25% senior unsecured notes due 2026 (the “2026 Notes”) and $1.0 billion aggregate principal amount of 4.625% senior unsecured notes due 2029 (the “2029 Notes” and, together with the 2026 Notes, the “Notes”).
The Issuers used the net proceeds from the offering of Notes to refinance the existing $1.55 billion asset-level real estate mortgage financing secured by the real estate assets associated with Caesars Palace Las Vegas (the CPLV CMBS) and to pay certain fees and expenses and will consummate certain other previously announced transactions with the remaining proceeds.
The Notes have not been and will not be registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.
This release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
View source version on: https://www.businesswire.com/news/home/20191126005724/en