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VICI to repay revolver, term loan debt, redeem some 8% notes via IPO
By Susanna Moon
Chicago, Jan. 22 – VICI Properties Inc. plans to pay down some debt under its revolving credit facility, to redeem some of its 8% second-priority senior secured notes due 2023 and to repay some debt under its term loan B facility using proceeds of a stock offering.
VICI plans to price an initial registered public offering of 50 million shares of common stock at a price of between $19.00 and $21.00 per share with a 30-day over-allotment option for another 7.5 million shares of common stock, according to a company announcement.
Any remaining proceeds will be used for general business purposes.
VICI Properties is a Las Vegas-based real estate investment trust that owns gaming, hospitality and entertainment destinations.
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