Vici

VICI Properties Inc. Announces a Letter of Intent to Provide $400 Million Mortgage Loan to Caesars/Eldorado and Acquire 23 Acres of Las Vegas Land Adjacent to the Strip

Retrieved on: 
Monday, June 15, 2020

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has agreed to provide a $400 million mortgage loan secured by the Caesars Forum Convention Center in Las Vegas.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has agreed to provide a $400 million mortgage loan secured by the Caesars Forum Convention Center in Las Vegas.
  • Additionally, VICI Properties has agreed to acquire approximately 23 acres of undeveloped land parcels adjacent to the center of the Las Vegas Strip for a purchase price of $4.5 million per acre for total proceeds of approximately $103.5 million.
  • The acquisition of these land parcels, in addition to the existing 27 acres VICI owns, will give VICI control of 50 acres of land in the vicinity of Harrahs Las Vegas, The Linq, Flamingo, Ballys, Paris and Planet Hollywood on the east side of the Las Vegas Strip.
  • The closing of the loan and the acquisition of the land are intended to close concurrently and are cross conditioned.

VICI Properties Inc. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, June 11, 2020

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 $0.2975 per share of common stock for the period from April 1, 2020 to June 30, 2020.

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 $0.2975 per share of common stock for the period from April 1, 2020 to June 30, 2020.
  • The dividend will be payable on July 10, 2020 to stockholders of record as of the close of business on June 30, 2020.
  • VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Provides Business Update

Retrieved on: 
Monday, June 1, 2020

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), today provided a business update focused on the following events:

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), today provided a business update focused on the following events:
    In connection with the COVID-19 pandemic, various state governments and/or regulatory authorities issued directives, mandates, orders or similar actions restricting non-essential business operations, resulting in the temporary closure of our tenants operations at our properties.
  • John Payne, President & Chief Operating Officer of VICI Properties said, We are extremely proud of the strength and commitment of each of our tenants during this unprecedented period.
  • Settlement of our forward sale agreements strengthens our balance sheet with an additional $1.3 billion of liquidity, commented David Kieske, Executive Vice President, Chief Financial Officer of VICI Properties.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Provides Company and COVID-19 Update

Retrieved on: 
Thursday, April 16, 2020

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), with respect to the ongoing COVID-19 pandemic, today provided an update on its liquidity position, real estate portfolio, the impact of a new accounting standard and the status of 2020 guidance.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), with respect to the ongoing COVID-19 pandemic, today provided an update on its liquidity position, real estate portfolio, the impact of a new accounting standard and the status of 2020 guidance.
  • Today we wish to share with you how VICI strengthened itself coming into the pandemic and how were currently responding to the pandemic.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.
  • The Company cannot assure you that the assumptions upon which these statements are based will prove to have been correct.

VICI Properties Announces Release Date for First Quarter 2020 Results

Retrieved on: 
Thursday, April 9, 2020

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its first quarter 2020 financial results on Thursday, April 30, 2020 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 2020 financial results on Thursday, April 30, 2020 after the close of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Friday, May 1, 2020 at 10:00 a.m. Eastern Time (ET).
  • ET on May 1, 2020 until midnight ET on August 5, 2020 and can be accessed by dialing 800-585-8367 (domestic) or 416-621-4642 (international) and entering the passcode 4665615.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Announces Change to Virtual Format for 2020 Annual Meeting of Stockholders

Retrieved on: 
Monday, April 6, 2020

VICI Properties Inc. (NYSE:VICI) (VICI Properties or the Company) today announced that the Companys 2020 Annual Meeting of Stockholders (the Annual Meeting) has been changed from an in-person meeting to a virtual-only meeting due to the ongoing public health impact of the coronavirus (COVID-19) pandemic and in consideration of the health and well-being of our stockholders and other meeting participants.

Key Points: 
  • VICI Properties Inc. (NYSE:VICI) (VICI Properties or the Company) today announced that the Companys 2020 Annual Meeting of Stockholders (the Annual Meeting) has been changed from an in-person meeting to a virtual-only meeting due to the ongoing public health impact of the coronavirus (COVID-19) pandemic and in consideration of the health and well-being of our stockholders and other meeting participants.
  • As previously announced, the Annual Meeting will take place at 11:00 a.m., Eastern Time, on Thursday, April 30, 2020, but will be held in a virtual meeting format due to coronavirus considerations.
  • As described in the Company's previously distributed proxy materials for the Annual Meeting, stockholders at the close of business on March 2, 2020 are entitled to participate in the Annual Meeting.
  • The Company urges stockholders to vote and submit proxies in advance of the Annual Meeting by one of the methods described in the proxy materials for the Annual Meeting.

VICI PROPERTIES INC. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, March 12, 2020

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 $0.2975 per share of common stock for the period from January 1, 2020 to March 31, 2020.

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 $0.2975 per share of common stock for the period from January 1, 2020 to March 31, 2020.
  • VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
  • VICI Properties national, geographically diverse portfolio consists of 28 gaming facilities comprising over 40 million square feet and features approximately 15,600 hotel rooms and more than 180 restaurants, bars and nightclubs.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Honored by 2020 Women on Boards for Having at Least 20% Women on its Corporate Board

Retrieved on: 
Monday, February 24, 2020

Women on Boards, the premier global education and advocacy campaign committed to increasing the number of women on corporate boards, has honored VICI Properties Inc. (NYSE: VICI) (VICI Properties or VICI), an experiential real estate investment trust, as a "W" for "Winning" company because it had at least 20% women on its corporate board during 2019.

Key Points: 
  • Women on Boards, the premier global education and advocacy campaign committed to increasing the number of women on corporate boards, has honored VICI Properties Inc. (NYSE: VICI) (VICI Properties or VICI), an experiential real estate investment trust, as a "W" for "Winning" company because it had at least 20% women on its corporate board during 2019.
  • VICI Properties has three female directors out of seven total members, which means women hold 43% of its corporate board seats (and 50% of its independent directors are women).
  • 2020 Women on Boards (2020WOB) annually tracks, analyzes and reports on the progress of numbers of women on the Russell 3000 company boards.
  • As a campaign dedicated to education and collaboration, 2020WOB recognizes companies, including VICI Properties, that exhibit good corporate governance.

VICI Properties Inc. Completes Redemption of 8.0% Senior Secured Second Priority Notes Due 2023

Retrieved on: 
Thursday, February 20, 2020

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced that its wholly owned subsidiaries, VICI Properties 1 LLC and VICI FC Inc., completed the previously announced redemption in full for cash of all of its outstanding 8.0% Senior Secured Second Priority Notes due 2023 (the "Notes") on February 20, 2020 (the "Redemption Date") at a redemption price equal to the outstanding principal amount of the Notes plus the applicable premium plus accrued and unpaid interest to the Redemption Date (the "Redemption Price").

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced that its wholly owned subsidiaries, VICI Properties 1 LLC and VICI FC Inc., completed the previously announced redemption in full for cash of all of its outstanding 8.0% Senior Secured Second Priority Notes due 2023 (the "Notes") on February 20, 2020 (the "Redemption Date") at a redemption price equal to the outstanding principal amount of the Notes plus the applicable premium plus accrued and unpaid interest to the Redemption Date (the "Redemption Price").
  • Following the redemption of the Notes, no Notes will remain outstanding.
  • "The redemption of our 8% Second Lien Notes removes the last tranche of secured emergence debt from our balance sheet and simplifies our capital structure," said David Kieske, Executive Vice President and Chief Financial Officer of VICI Properties.
  • "This redemption significantly lowers our cost of capital, extends our maturity profile and furthers our goal of ultimately becoming investment grade.

Vici Properties Inc. Formally Appoints Monica Howard Douglas to Board of Directors

Retrieved on: 
Friday, February 14, 2020

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced that Monica Howard Douglas has received all required approvals to assume her duties on the board of directors.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced that Monica Howard Douglas has received all required approvals to assume her duties on the board of directors.
  • Ms. Douglas has formally been appointed as an independent director and will serve on the Boards Nominating and Governance Committee.
  • We are thrilled to officially welcome Monica to our Board, said Jim Abrahamson, Chairman of the Board.
  • Monicas deep experience and background complements our existing Board composition and expands the diverse viewpoints of our Board.