VICI Properties L.P. completed a $750 million offering of 5.125% Notes due 2031 on December 19, 2024. The notes were issued at 99.643% of par value with semi-annual interest payments starting May 15, 2025. Proceeds will repay $750 million of 3.500% senior notes due 2025, expected to be redeemed on December 20, 2024.The new notes are unsecured, unsubordinated obligations ranking equally with VICI LP's existing and future unsecured, unsubordinated debt. They are not guaranteed by VICI Properties Inc. or any subsidiaries initially. The notes benefit from a limited equity pledge and contain covenants limiting secured and unsecured indebtedness, as well as maintaining a 150% ratio of unencumbered assets to unsecured debt.The offering was made under an automatic shelf registration statement filed with the SEC on April 18, 2022. The notes may be redeemed prior to maturity under specified conditions, with full details provided in the indenture and supplemental documents filed with the SEC.

VICI Properties L.P. completed a $750 million offering of 5.125% Notes due 2031 on December 19, 2024. The notes were issued at 99.643% of par value with semi-annual interest payments starting May 15, 2025. Proceeds will repay $750 million of 3.500% senior notes due 2025, expected to be redeemed on December 20, 2024.The new notes are unsecured, unsubordinated obligations ranking equally with VICI LP's existing and future unsecured, unsubordinated debt. They are not guaranteed by VICI Properties Inc. or any subsidiaries initially. The notes benefit from a limited equity pledge and contain covenants limiting secured and unsecured indebtedness, as well as maintaining a 150% ratio of unencumbered assets to unsecured debt.The offering was made under an automatic shelf registration statement filed with the SEC on April 18, 2022. The notes may be redeemed prior to maturity under specified conditions, with full details provided in the indenture and supplemental documents filed with the SEC.