| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for VICI Properties Inc. > News item |
VICI Properties launches upsized $2.25 billion notes in two parts; pricing Thursday
By Paul A. Harris
Portland, Ore., Nov. 21 – VICI Properties Inc. upsized its two-part offering of senior notes (B1/BB/BB) to $2.25 billion from $1.75 billion and launched both tranches on Thursday, according to a market source.
A $1.25 billon tranche of seven-year notes launched at 4¼%, in line with early guidance in the low-to-mid 4% area.
A $1 billion tranche of 10-year notes launched at 4 5/8%, tight to early guidance in the high 4% area.
The Rule 144A and Regulation S deal is expected to price on Thursday.
Deutsche Bank Securities Inc. is leading the sale.
The New York real estate investment trust plans to use the proceeds to refinance a $1.55 billion asset-level real estate mortgage financing secured by the real estate assets associated with Caesars Palace Las Vegas.
The issuing entities will be VICI Production LP and VICI Note Co. Inc.
VICI Properties owns a portfolio of gaming, hospitality and entertainment destinations, including Caesars Palace.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.