VICI Properties, Inc.

Overview

Deal Type Equity Capital Markets
Size $3.4 Billion
Follow-On Offering
Client & Transactional Partners VICI Properties, Inc.
Our Role Co-Manager

Summary

 

On September 9, 2021, VICI Properties Inc. (“VICI”, or the “Company”) priced $3.4 Billion in a Follow-On Offering. The Follow-On Offering consists of issuance and sale of up to 115 million shares of the Company’s common stock at a price of $29.50 per share. The forward basis issuance of 50 million shares of common stock can be done at the request of the Company. The Company received the net proceeds of approximately $2.1 Billion from the sale of 65 million shares of Common Stock and issuance of 26.9 million shares pursuant to the forward sales agreement. VICI expects to use the net proceeds from the sale of shares of common stock and expected cash proceeds received upon full physical settlement of the forward sale agreements to pay down current indebtedness and for a portion of the purchase price of the previously announced acquisition of the Venetian. KeyBanc Capital Markets acted as a Co-Manager on the transaction.

 

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