Vici Properties

VICI Properties Announces Release Date for First Quarter 2022 Results

Retrieved on: 
Thursday, April 21, 2022

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its first quarter 2022 financial results on Wednesday, May 4, 2022 after the close of trading on the New York Stock Exchange.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its first quarter 2022 financial results on Wednesday, May 4, 2022 after the close of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Thursday, May 5, 2022 at 10:00 a.m. Eastern Time (ET).
  • ET on May 5, 2022 until midnight ET on May 12, 2022 and can be accessed by dialing 929-458-6194 (domestic) or +44 204-525-0658 (international) and entering the passcode 921441.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Announces Pricing of Public Offering of $5.0 Billion of Senior Unsecured Notes

Retrieved on: 
Wednesday, April 20, 2022

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiary, VICI Properties L.P. (the Issuer), has priced a public offering of $5.0 billion in aggregate principal amount of senior unsecured notes (the Notes) consisting of:

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiary, VICI Properties L.P. (the Issuer), has priced a public offering of $5.0 billion in aggregate principal amount of senior unsecured notes (the Notes) consisting of:
    $500.0 million aggregate principal amount of 4.375% senior unsecured notes due 2025 (the 2025 Notes).
  • $1.25 billion aggregate principal amount of 4.750% senior unsecured long notes due 2028 (the 2028 Notes).
  • $1.0 billion aggregate principal amount of 4.950% senior unsecured long notes due 2030 (the 2030 Notes).
  • $1.5 billion aggregate principal amount of 5.125% senior unsecured notes due 2032 (the 2032 Notes).

VICI Properties Inc. Announces Extension of Exchange Offers

Retrieved on: 
Thursday, April 14, 2022

The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.

Key Points: 
  • The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.
  • King & Co., Inc., the exchange agent and information agent in connection with the Exchange Offers and the Consent Solicitations, by telephone at (800) 820-2415 (U.S. toll-free) or (212) 269-5550 (banks and brokers), or by email at [email protected] .
  • The Exchange Offers and the Consent Solicitations are being made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as are permitted under applicable law.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Announces Extension of Exchange Offers

Retrieved on: 
Thursday, March 31, 2022

The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.

Key Points: 
  • The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.
  • King & Co., Inc., the exchange agent and information agent in connection with the Exchange Offers and the Consent Solicitations, by telephone at (800) 820-2415 (U.S. toll-free) or (212) 269-5550 (banks and brokers), or by email at [email protected] .
  • The Exchange Offers and the Consent Solicitations are being made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as are permitted under applicable law.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, March 10, 2022

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock for the period from January 1, 2022 to March 31, 2022.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share of common stock for the period from January 1, 2022 to March 31, 2022.
  • The dividend will be payable on April 7, 2022 to stockholders of record as of the close of business on March 24, 2022.
  • VICI Properties national, geographically diverse portfolio consists of 28 gaming facilities comprising over 62 million square feet and features approximately 25,000 hotel rooms and more than 250 restaurants, bars, nightclubs and sportsbooks.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

TowerBrook and Related Fund Management Complete Investment in Stonebridge Companies

Retrieved on: 
Wednesday, March 2, 2022

TowerBrook Capital Partners L.P. (TowerBrook), an international investment management firm, and Related Fund Management (RFM), a real estate investment management firm, announced the completion of their investment in Stonebridge Companies (Stonebridge or the Company).

Key Points: 
  • TowerBrook Capital Partners L.P. (TowerBrook), an international investment management firm, and Related Fund Management (RFM), a real estate investment management firm, announced the completion of their investment in Stonebridge Companies (Stonebridge or the Company).
  • The transaction was funded through a majority investment from TowerBrook, with a significant minority investment from RFM and a substantial roll-over investment from Navin Dimond, Founder and CEO of Stonebridge.
  • In conjunction with the investment, TowerBrook, RFM and Mr. Dimond have also committed significant capital to establish a real estate investment platform to fund new hotel acquisitions.
  • The Company provides hotel management services, hotel investment opportunities, and development services across its portfolio.

Apollo Funds Complete the Acquisition of The Venetian Resort Las Vegas and Venetian Expo Operating Companies

Retrieved on: 
Wednesday, February 23, 2022

NEW YORK, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced that funds managed by its affiliates (the Apollo Funds) have completed the acquisition of the operations of The Venetian Resort Las Vegas and the Venetian Expo in Las Vegas (The Venetian) from Las Vegas Sands Corp. (NYSE: LVS) for approximately $2.25 billion.

Key Points: 
  • NEW YORK, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced that funds managed by its affiliates (the Apollo Funds) have completed the acquisition of the operations of The Venetian Resort Las Vegas and the Venetian Expo in Las Vegas (The Venetian) from Las Vegas Sands Corp. (NYSE: LVS) for approximately $2.25 billion.
  • The agreement to acquire the iconic Las Vegas property was announced March 2021.
  • Were thrilled to complete the acquisition of The Venetian, a premier Las Vegas resort thats backed by a world-class team, said David Sambur, Apollo Partner and Co-Head of Private Equity.
  • VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, Harrahs Las Vegas and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

VICI Properties Inc. Completes $4 Billion Acquisition of the Venetian Resort Las Vegas

Retrieved on: 
Wednesday, February 23, 2022

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas, located in Las Vegas, Nevada (the Venetian Resort) for $4.0 billion in cash, representing a 6.25% cap rate.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas, located in Las Vegas, Nevada (the Venetian Resort) for $4.0 billion in cash, representing a 6.25% cap rate.
  • Additionally, VICI Properties has the opportunity to fund up to an additional $1.0 billion development at the property through the Companys Partner Property Growth Fund.
  • John Payne, President and Chief Operating Officer of VICI Properties, said, We are thrilled to complete the acquisition of this remarkable world-class asset.
  • VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, Harrahs Las Vegas and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

VICI Properties Inc. Announces Extension of Exchange Offers

Retrieved on: 
Monday, February 14, 2022

The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.

Key Points: 
  • The complete terms and conditions of the Exchange Offers and the Consent Solicitations are described in the Offering Memorandum, copies of which may be obtained by contacting D.F.
  • King & Co., Inc., the exchange agent and information agent in connection with the Exchange Offers and the Consent Solicitations, by telephone at (800) 820-2415 (U.S. toll-free) or (212) 269-5550 (banks and brokers), or by email at [email protected] .
  • The Exchange Offers and the Consent Solicitations are being made solely pursuant to the Offering Memorandum and only to such persons and in such jurisdictions as are permitted under applicable law.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Expands Borrowing Capacity With a New $3.5 Billion Unsecured Credit Facility

Retrieved on: 
Tuesday, February 8, 2022

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the effectiveness of its new and undrawn $3.5 billion unsecured credit facility consisting of a four-year $2.5 billion senior unsecured revolving credit facility (the Revolving Credit Facility) and a three-year $1.0 billion senior unsecured delayed draw term loan (the Delayed Draw Term Loan together with the Revolving Credit Facility, the Credit Facilities).

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential asset real estate investment trust, today announced the effectiveness of its new and undrawn $3.5 billion unsecured credit facility consisting of a four-year $2.5 billion senior unsecured revolving credit facility (the Revolving Credit Facility) and a three-year $1.0 billion senior unsecured delayed draw term loan (the Delayed Draw Term Loan together with the Revolving Credit Facility, the Credit Facilities).
  • Concurrently, the Company terminated its existing $1.0 billion undrawn secured revolving credit facility and all liens securing the Companys existing credit facilities and related subsidiary guarantees were automatically released.
  • The Revolving Credit Facility matures on March 31, 2026 and can be extended for two successive six-month terms.
  • Based on a pricing grid and the Companys current credit ratings, the Revolving Credit Facility bears interest at SOFR plus 132.5 basis points, an improvement in pricing from 200 basis points over LIBOR under its prior secured revolving credit facility.