VICI Properties prices $1.75 billion senior unsecured notes offering
The offering consists of $900 million 5.400% notes due 2031 and $850 million 5.750% notes due 2036, with proceeds to repay existing debt.
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Experiential real estate investment trust
viciproperties.comLast updated
In short: VICI Properties expanded its experiential portfolio, finalized a $1.16 billion Nevada acquisition, and issued $1.75 billion in senior notes.
The offering consists of $900 million 5.400% notes due 2031 and $850 million 5.750% notes due 2036, with proceeds to repay existing debt.
Total revenues increased 5.7% to $1.1 billion and AFFO per share rose 4.6% year-over-year.
Results released after market close on July 29, call on July 30 at 10:00 a.m. ET.
The portfolio was added to PURE’s master lease, increasing annual rent by CAD$16.1 million.
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