What changed
VICI Properties L.P. entered a First Amendment adding a $500 million senior unsecured term loan A facility maturing January 31, 2032, fully advanced on November 12, 2026. Borrowings bear interest at SOFR plus a margin of 0.675% to 1.55%, or a base rate plus 0.00% to 0.55%, set by debt ratings and leverage. Proceeds are expected to redeem $500 million of the $729.5 million aggregate principal of 5.750% senior notes due 2027 on November 19, 2026. The amendment also cuts revolving credit facility 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 adding a $500 million senior unsecured term loan A facility maturing January 31, 2032, fully advanced on November 12, 2026. Borrowings bear interest at S