The company said VICI Properties L.P. completed on April 7, 2025 the issuance of $400,000,000 of 4.750% Notes due 2028 and $900,000,000 of 5.625% Notes due 2035.

1. 01

   The company said VICI Properties L.P. completed on April 7, 2025 the issuance of $400,000,000 of 4.750% Notes due 2028 and $900,000,000 of 5.625% Notes due 2035.

2. 02

   VICI Properties said it plans to use the net proceeds to redeem $500.0 million of 4.375% senior notes due 2025, $799.4 million of 4.625% senior exchange notes due 2025, and $0.6 million of 4.625% senior notes due 2025.

3. 03

   The company said it issued the 2028 Notes at 99.729% of par value with a coupon of 4.750% per year, and the 2035 Notes at 99.219% of par value with a coupon of 5.625% per year. Interest is payable semi-annually in arrears, 2 times a year, on April 1 and October 1, with the first payment due on October 1, 2025.

4. 04

   The company said the Notes are unsecured and unsubordinated obligations of VICI LP and are not guaranteed by VICI Properties Inc. The Indenture requires VICI LP to maintain total unencumbered assets of at least 150% of total unsecured indebtedness.

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