VICI Properties (VICI) said Wednesday its unit priced a $1.3 billion public offering of senior unsecured notes.
The offering includes $400 million of 4.75% senior unsecured notes due 2028 and $900 million of 5.625% senior unsecured notes due 2035, the company said.
VICI said it expects to close the offering on April 7 and intends to use the net proceeds to repay about $1.3 billion in outstanding 4.375% senior notes, 4.625% senior exchange notes, and 4.625% senior notes due 2025.
Any remaining proceeds will be used for general corporate purposes, including property acquisitions and improvements, capital expenditures, working capital, and debt repayment, the company added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.