VICI · News · 20260805N
Issuance of Senior Unsecured Notes
VICI PROPERTIES INC. · 2026-08-05 · Importance 46 · Surprise 42 · No source text
VICI Properties’ subsidiary, VICI Properties L.P., priced $1.75 billion of senior unsecured notes on August 5, 2026. The offering includes $900 million of 5.400% notes due October 15, 2031, and $850 million of 5.750% notes due 2036, generating approximately $1.72 billion of net proceeds. Proceeds will primarily refinance senior notes maturing in 2026, with the remainder available for general corporate purposes, potential property acquisitions, and improvements.
Key facts
- VICI's subsidiary priced a public offering of $1.75 billion in aggregate principal amount of senior unsecured notes. source
- The offering includes $900 million aggregate principal amount of 5.400% senior unsecured notes due 2031. source
- The offering includes $850 million due 2036 with interest payable semi-annually. source
- The 2031 Notes will be issued at 99.966% of par value and will mature on October 15, 2031. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | The offering includes $900 million aggregate principal amount of 5.400% senior unsecured notes due 2031. |
| cash | positive | committed | — | The offering includes $900 million aggregate principal amount of 5.400% senior unsecured notes due 2031. |
| net_income | negative | committed | — | The offering includes $900 million aggregate principal amount of 5.400% senior unsecured notes due 2031. |
| liability | negative | committed | — | The offering includes $850 million due 2036 with interest payable semi-annually. |
| cash | positive | committed | — | The offering includes $850 million due 2036 with interest payable semi-annually. |