The company said VICI LP completed the issuance of $550,000,000 aggregate principal amount of 5.750% Notes due 2034 and $500,000,000 aggregate principal amount of 6.125% Notes due 2054 on March 18, 2024.

1. 01

   The company said VICI LP completed the issuance of $550,000,000 aggregate principal amount of 5.750% Notes due 2034 and $500,000,000 aggregate principal amount of 6.125% Notes due 2054 on March 18, 2024.

2. 02

   VICI Properties said VICI LP plans to use the net proceeds to redeem its $1,024.2 million 5.625% 2024 Exchange Notes and $25.8 million 5.625% 2024 MGP Notes, with redemptions expected on March 19, 2024 and March 25, respectively.

3. 03

   The company said the 2034 Notes were issued at 99.186% of par and the 2054 Notes at 98.192% of par, with interest payable semi-annually in arrears from October 1, 2024 on April 1 and October 1 each year.

4. 04

   The company said the Notes are unsecured and unsubordinated obligations of VICI LP that rank equally with its other unsecured and unsubordinated debt, and are not guaranteed by VICI Properties Inc. The Indenture requires VICI LP to maintain total unencumbered assets of at least 150% of its total unsecured indebtedness.

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