VICI Properties plans partial redemption of debt due February 2027
VICI•VICI Properties will use a $500 million term loan to partially redeem its 5.75% notes due February 2027. The loan matures January 31, 2032, and swaps fix its effective all-in rate at approximately 5.2%.
1. Loan to fund redemption
VICI Properties will use a new $500 million unsecured term loan to partially redeem its 5.75% senior unsecured notes due February 2027. Subsidiary VICI LP drew the full amount; the loan matures on January 31, 2032, and initially bears interest at SOFR plus 90 basis points. Swaps fix the effective all-in rate at approximately 5.2%.
