What changed
VICI Properties L.P. entered a First Amendment creating a $500 million senior unsecured term loan A facility maturing January 31, 2032, fully advanced on November 12, 2026. The new term loan bears interest at SOFR plus a margin of 0.675% to 1.55%, or a base rate plus 0.00% to 0.55%, depending on debt ratings and leverage. Proceeds are expected to redeem $500 million of its $729.5 million 5.750% senior notes due 2027 on November 19, 2026. The amendment also lowers revolver margins by 0.05% at each pricing level, to SOFR plus 0.625% to 1.35%.
Why it matters
VICI Properties L.P. entered a First Amendment creating a $500 million senior unsecured term loan A facility maturing January 31, 2032, fully advanced on November 12, 2026. The new term loan bears int