VICI Properties said VICI Properties L.P. entered into a new $2.5 billion senior revolving credit facility with Wells Fargo Bank, N.A. as administrative agent, effective February 3, 2025. The facility matures on February 3, 2029.

1. 01

   VICI Properties said VICI Properties L.P. entered into a new $2.5 billion senior revolving credit facility with Wells Fargo Bank, N.A. as administrative agent, effective February 3, 2025. The facility matures on February 3, 2029.

2. 02

   The company said the new credit agreement replaces the existing credit agreement, which matures on March 31, 2026 and had $2.5 billion in size, and that the existing agreement was terminated as of February 8, 2022. It said CAD 188,000,000.00 and Sterling 14,500,000.00 (about US$147,500,000) were drawn on the effective date and used to repay obligations under the existing agreement.

3. 03

   The company said the credit agreement includes financial maintenance covenants, including a net total indebtedness to total asset value ratio of no more than 60% (or 65% for up to 4 consecutive fiscal quarters following a material acquisition), and a ratio of total EBITDA to total fixed charges of not less than 1.50 to 1.00.

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. Some paragraphs were omitted because their support in the source could not be confirmed.

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.