VICI Properties fully repays $2.1 billion term loan B debt

By Wendy Van Sickle

Columbus, Ohio, Sept. 15 – VICI Properties Inc. repaid in full $2,102,500,000 of debt, including accrued interest, under its seven-year senior secured first-lien term loan B facility entered into in December 2017, according to a news release.

VICI used proceeds from the issuance of 65 million shares of its common stock and proceeds from settlement of the forward sale agreement entered into in June of 2020, representing 26.9 million shares of its common stock, to fund the repayment.

VICI is a New York-based real estate investment trust that owns gaming, hospitality and entertainment destinations.

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