The company said VICI Properties L.P. completed the offering of $750,000,000 aggregate principal amount of 5.125% Notes due 2031 on December 19, 2024. The Notes were issued at 99.643% of par value.

1. 01

   The company said VICI Properties L.P. completed the offering of $750,000,000 aggregate principal amount of 5.125% Notes due 2031 on December 19, 2024. The Notes were issued at 99.643% of par value.

2. 02

   The company said VICI LP plans to use the net proceeds to repay its $750.0 million 3.500% senior notes due 2025, and expects to redeem them on December 20, 2024 at a price equal to 100% of principal plus accrued and unpaid interest.

3. 03

   The company said interest on the Notes is payable semi-annually in arrears on May 15 and November 15 of each year, starting May 15, 2025, and the Notes mature on November 15, 2031. It said the Notes are unsecured and unsubordinated obligations of VICI LP.

4. 04

   The company said VICI Properties Inc. does not guarantee the Notes, and that the Limited Equity Pledge of VICI LP limited partnership interests held by VICI OP secures the Notes' obligations. It said the Indenture requires VICI LP to maintain total unencumbered assets of at least 150% of total unsecured indebtedness.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.