Obbligazione VICI Properties 6.125% ( US925650AG86 ) in USD

Emittente VICI Properties
Prezzo di mercato refresh price now   94.635 USD  ▲ 
Paese  Stati Uniti
Codice isin  US925650AG86 ( in USD )
Tasso d'interesse 6.125% per anno ( pagato 2 volte l'anno)
Scadenza 31/03/2054



Prospetto opuscolo dell'obbligazione VICI Properties US925650AG86 en USD 6.125%, scadenza 31/03/2054


Importo minimo /
Importo totale /
Cusip 925650AG8
Standard & Poor's ( S&P ) rating BBB- ( Lower medium grade - Investment-grade )
Moody's rating Baa3 ( Lower medium grade - Investment-grade )
Coupon successivo 01/10/2025 ( In 165 giorni )
Descrizione dettagliata VICI Properties č una societā di investimento immobiliare REIT (Real Estate Investment Trust) che possiede e gestisce un portafoglio diversificato di proprietā commerciali a reddito elevato, principalmente situate negli Stati Uniti, affittate a operatori di alto livello nel settore del gioco d'azzardo e del leisure.

The Obbligazione issued by VICI Properties ( United States ) , in USD, with the ISIN code US925650AG86, pays a coupon of 6.125% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 31/03/2054

The Obbligazione issued by VICI Properties ( United States ) , in USD, with the ISIN code US925650AG86, was rated Baa3 ( Lower medium grade - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by VICI Properties ( United States ) , in USD, with the ISIN code US925650AG86, was rated BBB- ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.








Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-264352-01
VICI Properties L.P.

$1,050,000,000

Final Term Sheet
March 7, 2024

$550,000,000 5.750% Notes due 2034
$500,000,000 6.125% Notes due 2054

This free writing prospectus relates only to the securities described below and should be read together with the preliminary prospectus supplement
dated March 7, 2024 (the "Preliminary Prospectus Supplement"), the accompanying prospectus dated April 18, 2022 and the documents incorporated and
deemed to be incorporated by reference therein.

Issuer:
VICI Properties L.P. (the "Company")
Ratings*:
Ba1 (Positive) by Moody's Investors Service



BBB- (Stable) by S&P Global Ratings



BBB- (Stable) by Fitch Ratings
Trade Date:
March 7, 2024


Settlement Date**:
March 18, 2024 (T+7)
5.750% Notes due 2034
Securities Offered:
5.750% Notes due 2034


Aggregate Principal Amount Offered:
$550,000,000


Interest Payment Dates:
April 1 and October 1, beginning on October 1, 2024 (long first coupon)


Interest Rate:
5.750% per annum, accruing from March 18, 2024


Maturity Date:
April 1, 2034


Benchmark Treasury:
4.000% due February 15, 2034


Benchmark Treasury Yield:
4.108%


Spread to Benchmark Treasury:
+175 basis points


Yield to Maturity:
5.858%





Price to Public:
99.186% of the principal amount, plus accrued interest, if any


Optional Redemption Provision:
At the Company's option, prior to January 1, 2034 (the "2034 Notes Par Call Date"), make-whole call at
Treasury Rate (as defined in the Preliminary Prospectus Supplement) +30 basis points; on and after the 2034
Notes Par Call Date, at 100% of the principal amount. See the Preliminary Prospectus Supplement for further
terms and provisions applicable to optional redemption.


CUSIP:
925650AF0


ISIN:
US925650AF04
6.125% Notes due 2054
Securities Offered:
6.125% Notes due 2054


Aggregate Principal Amount Offered:
$500,000,000


Interest Payment Dates:
April 1 and October 1, beginning on October 1, 2024 (long first coupon)


Interest Rate:
6.125% per annum, accruing from March 18, 2024


Maturity Date:
April 1, 2054


Benchmark Treasury:
4.750% due November 15, 2053


Benchmark Treasury Yield:
4.259%


Spread to Benchmark Treasury:
+200 basis points


Yield to Maturity:
6.259%


Price to Public:
98.192% of the principal amount, plus accrued interest, if any


Optional Redemption Provision:
At the Company's option, prior to October 1, 2053 (the "2054 Notes Par Call Date"), make-whole call at
Treasury Rate (as defined in the Preliminary Prospectus Supplement) +30 basis points; on and after the 2054
Notes Par Call Date, at 100% of the principal amount. See the Preliminary Prospectus Supplement for further
terms and provisions applicable to optional redemption.


CUSIP:
925650AG8


ISIN:
US925650AG86





All Notes Offered Hereby
Total Net Proceeds:
Approximately $1,028.5 million, after deducting the underwriting discounts (but before deducting the estimated
offering expenses payable by the Company).


Joint Book-Running Managers:
Wells Fargo Securities, LLC

J.P. Morgan Securities LLC

BofA Securities, Inc.

Goldman Sachs & Co. LLC

Barclays Capital Inc.

BNP Paribas Securities Corp.

Citigroup Global Markets Inc.

Citizens JMP Securities, LLC

Deutsche Bank Securities Inc.

Morgan Stanley & Co. LLC

Scotia Capital (USA) Inc.

Truist Securities, Inc.

Co-Managers:
Capital One Securities, Inc.

SMBC Nikko Securities America, Inc.

Mizuho Securities USA LLC

KeyBanc Capital Markets Inc.

Raymond James & Associates, Inc.

*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
** Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business
days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes before the second
business day prior to the Settlement Date will be required, by virtue of the fact that the notes initially will settle in T+7, to specify an alternative
settlement cycle at the time of any such trade to prevent failed settlement, and should consult their own advisors.
The Company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering
to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the
Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents for free by
visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will
arrange to send you the prospectus if you request it by calling Wells Fargo Securities, LLC toll-free at 1-800-645-3751, by calling J.P. Morgan
Securities LLC toll-free at 1-212-834-4533, by calling BofA Securities, Inc. toll-free at 1-800-294-1322 or by calling Goldman Sachs & Co. LLC toll-
free at 1-866-471-2526.





Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends,
disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system.