Vici

VICI Properties Inc. Announces Closing of Private Offering of $2.5 Billion of Notes

Retrieved on: 
Wednesday, February 5, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Vici, Promissory note, Companies

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiaries VICI Properties L.P. (the Operating Partnership) and VICI Note Co. Inc. (the Co-Issuer and, together with the Operating Partnership, the Issuers) have closed on their offering of $750 million aggregate principal amount of 3.500% senior unsecured 5-year notes due 2025 (the 2025 Notes), $750 million aggregate principal amount of 3.750% senior unsecured 7-year notes due 2027 (the 2027 Notes) and $1.0 billion aggregate principal amount of 4.125% senior unsecured 10.5-year notes due 2030 (the 2030 Notes and, together with the 2025 Notes and the 2027 Notes, the Notes).

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiaries VICI Properties L.P. (the Operating Partnership) and VICI Note Co. Inc. (the Co-Issuer and, together with the Operating Partnership, the Issuers) have closed on their offering of $750 million aggregate principal amount of 3.500% senior unsecured 5-year notes due 2025 (the 2025 Notes), $750 million aggregate principal amount of 3.750% senior unsecured 7-year notes due 2027 (the 2027 Notes) and $1.0 billion aggregate principal amount of 4.125% senior unsecured 10.5-year notes due 2030 (the 2030 Notes and, together with the 2025 Notes and the 2027 Notes, the Notes).
  • The Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured basis by certain of VICIs subsidiaries.
  • Any offers of the Notes will be made only by means of a private placement memorandum.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Announces Release Date for Fourth Quarter and Full Year 2019 Results

Retrieved on: 
Monday, January 27, 2020
Professional services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Vici Properties, Companies, Vici

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that it will release its fourth quarter 2019 financial results on Thursday, February 20, 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 fourth quarter 2019 financial results on Thursday, February 20, 2020 after the close of trading on the New York Stock Exchange.
  • The Company will host a conference call and audio webcast on Thursday, February 20, 2020 at 5:00 p.m. Eastern Time (ET).
  • VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Completes Repricing of Term Loan B Facility

Retrieved on: 
Friday, January 24, 2020
Commercial Building & Real Estate, Construction & Property, Lodging, Destinations, Travel, REIT, Casino, Gaming, Entertainment, Vici Properties, Companies, Vici

VICI Properties Inc. (NYSE: VICI) (together with its affiliates, VICI Properties or the Company), an experiential real estate investment trust (REIT), today announced that VICI Properties 1 LLC, its wholly owned subsidiary, has successfully completed a repricing of its $2.1 billion Term Loan B Facility (the Term Loan).

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (together with its affiliates, VICI Properties or the Company), an experiential real estate investment trust (REIT), today announced that VICI Properties 1 LLC, its wholly owned subsidiary, has successfully completed a repricing of its $2.1 billion Term Loan B Facility (the Term Loan).
  • All other material provisions of the Term Loan remain unchanged, including the maturity of the Term Loan which remains December 22, 2024.
  • "The Company expects to save approximately $5.3 million of annual cash interest expense with this repricing," said David Kieske, CFO of VICI Properties.
  • VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.

VICI Properties Inc. Announces Pricing of Private Offering of Notes

Retrieved on: 
Wednesday, January 22, 2020
Commercial Building & Real Estate, Construction & Property, Lodging, Destinations, Travel, REIT, Casino, Gaming, Entertainment, Vici, Companies

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiaries VICI Properties L.P. (the Operating Partnership) and VICI Note Co. Inc. (the Co-Issuer and, together with the Operating Partnership, the Issuers) have priced their offering of $750 million aggregate principal amount of 3.50% senior unsecured 5-year notes due 2025 (the 2025 Notes), $750 million aggregate principal amount of 3.75% senior unsecured 7-year notes due 2027 (the 2027 Notes) and $1.0 billion aggregate principal amount of 4.125% senior unsecured 10.5-year notes due 2030 (the 2030 Notes and, together with the 2025 Notes and the 2027 Notes, the Notes) at a price equal to 100% of face value.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiaries VICI Properties L.P. (the Operating Partnership) and VICI Note Co. Inc. (the Co-Issuer and, together with the Operating Partnership, the Issuers) have priced their offering of $750 million aggregate principal amount of 3.50% senior unsecured 5-year notes due 2025 (the 2025 Notes), $750 million aggregate principal amount of 3.75% senior unsecured 7-year notes due 2027 (the 2027 Notes) and $1.0 billion aggregate principal amount of 4.125% senior unsecured 10.5-year notes due 2030 (the 2030 Notes and, together with the 2025 Notes and the 2027 Notes, the Notes) at a price equal to 100% of face value.
  • The 2025 Notes will mature on February 15, 2025, the 2027 Notes will mature on February 15, 2027 and the 2030 Notes will mature on August 15, 2030.
  • The Notes will be fully and unconditionally guaranteed, jointly and severally, on an unsecured basis by certain of VICIs subsidiaries.
  • VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.

VICI Properties Inc. Announces Proposed Private Offering of Notes

Retrieved on: 
Tuesday, January 21, 2020
Entertainment, Commercial Building & Real Estate, Lodging, Construction & Property, Destinations, Travel, Casino, Gaming, Vici, Finance, Security, Prospectus, Companies, Issuer, Financial economics

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiaries VICI Properties L.P. (the Operating Partnership) and VICI Note Co. Inc. (the Co-Issuer and, together with the Operating Partnership, the Issuers) intend to offer $2.5 billion aggregate principal amount of senior unsecured notes (the Notes), subject to market conditions and other factors, in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act).

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company) announced today that its wholly owned subsidiaries VICI Properties L.P. (the Operating Partnership) and VICI Note Co. Inc. (the Co-Issuer and, together with the Operating Partnership, the Issuers) intend to offer $2.5 billion aggregate principal amount of senior unsecured notes (the Notes), subject to market conditions and other factors, in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act).
  • The Notes will be fully and unconditionally guaranteed, jointly and severally, on an unsecured basis by certain of VICIs subsidiaries.
  • Any offers of the Notes will be made only by means of a private placement memorandum.
  • VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.

Caesars Entertainment and VICI Properties Inc. Announce Sale of Harrah’s Reno to CAI Investments

Retrieved on: 
Wednesday, January 15, 2020
Entertainment, Commercial Building & Real Estate, Lodging, Construction & Property, Travel, REIT, Casino, Gaming, Companies, Private equity, Vici Properties, Caesars Entertainment Corporation, Vici, Caesars Entertainment, CAI Investments

Caesars Entertainment Corporation (NASDAQ:CZR) (Caesars Entertainment or Caesars) and VICI Properties Inc. (NYSE:VICI) (VICI Properties or VICI) today announced they have signed an agreement to sell Harrahs Reno Hotel and Casino (Harrahs Reno) to an affiliate of CAI Investments (the Buyer) for $50 million.

Key Points: 
  • Caesars Entertainment Corporation (NASDAQ:CZR) (Caesars Entertainment or Caesars) and VICI Properties Inc. (NYSE:VICI) (VICI Properties or VICI) today announced they have signed an agreement to sell Harrahs Reno Hotel and Casino (Harrahs Reno) to an affiliate of CAI Investments (the Buyer) for $50 million.
  • The proceeds of the transaction shall be split 75% to VICI and 25% to Caesars, while the annual rent payments under the Non-CPLV Master Lease between Caesars and VICI will remain unchanged.
  • We recognize the long legacy of Harrahs in Reno, where the brand began 82 years ago and our role in the community.
  • The sale of Harrahs Reno demonstrates our ability to continuously work constructively with our tenants to improve our individual businesses.

The Board of Directors of Greenwood Racing, Inc. Appoint New CEO

Retrieved on: 
Saturday, January 11, 2020
Companies, Vici Properties, Isle of Capri Casinos, Häusler, Real estate investment trust, Vici, Economy of the United States

BENSALEM, Pa., Jan. 11, 2020 /PRNewswire/ -- Today, the Board of Directors of Greenwood Racing, Inc. are pleased to announce the appointment of Eric Hausler as Chief Executive Officer effective Jan. 20, 2020, subject to approval and licensing by the Pennsylvania Gaming Control Board.

Key Points: 
  • BENSALEM, Pa., Jan. 11, 2020 /PRNewswire/ -- Today, the Board of Directors of Greenwood Racing, Inc. are pleased to announce the appointment of Eric Hausler as Chief Executive Officer effective Jan. 20, 2020, subject to approval and licensing by the Pennsylvania Gaming Control Board.
  • Most recently, Hausler served as Director of VICI Properties Inc., one of the country's largest REITs and owners of multiple gaming, hospitality and entertainment properties.
  • Prior to that, Hausler held the position of Chief Executive Officer of Isle of Capri Casinos Inc, having previously served that Company as Chief Financial Officer, Chief Strategic Officer and Senior Vice President - Strategic Initiatives.
  • For more information please contact, Carrie Nork Minelli, PR Director 215-801-3844.

VICI Properties Inc. to Appoint Monica Howard Douglas as Independent Director

Retrieved on: 
Friday, January 10, 2020
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Companies, Food and drink, Drinks, Vici Properties, Vici, Troutman Sanders, Real estate investment trust, Coca-Cola, The Coca-Cola Company

VICI Properties Inc. (NYSE:VICI) (together with its affiliates, VICI Properties or the Company), an experiential real estate investment trust (REIT), today announced that Monica Howard Douglas, has been appointed to the Companys Board of Directors (the Board) as an independent director, subject to and effective upon receipt of all applicable regulatory approvals.

Key Points: 
  • VICI Properties Inc. (NYSE:VICI) (together with its affiliates, VICI Properties or the Company), an experiential real estate investment trust (REIT), today announced that Monica Howard Douglas, has been appointed to the Companys Board of Directors (the Board) as an independent director, subject to and effective upon receipt of all applicable regulatory approvals.
  • Ms. Douglas currently serves as General Counsel, North America for The Coca-Cola Company a position she has held since January 2018.
  • Ms. Douglas began her career as an attorney at Troutman Sanders in the labor and employment group.
  • VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.

VICI Properties Inc. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, December 12, 2019
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Companies, Vici Properties, Vici, Caesars Palace, Nevada, Economy of the United States

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 October 1, 2019 to December 31, 2019.

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 October 1, 2019 to December 31, 2019.
  • 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 also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.

VICI Properties Inc. Completes Acquisition of Three Regional Gaming Properties and Enters Into Master Lease Agreement With Century Casinos, Inc.

Retrieved on: 
Friday, December 6, 2019
Entertainment, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Casino, Gaming, Companies, Gambling in the United States, Economy of the United States, Vici Properties, Caesars Entertainment Corporation, Penn National Gaming, Century Casinos, Vici, Jack Entertainment

Simultaneous with the closing of the transaction, the Company entered into a triple-net master lease agreement with Century Casinos, Inc. (NASDAQ: CNTY) (Century).

Key Points: 
  • Simultaneous with the closing of the transaction, the Company entered into a triple-net master lease agreement with Century Casinos, Inc. (NASDAQ: CNTY) (Century).
  • Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation, Hard Rock International and Penn National Gaming.
  • VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.
  • VICI Properties strategy is to create the nations highest quality and most productive experiential real estate portfolio.