VICI Properties L.P., founded in 2017 and headquartered in Las Vegas, Nevada, is a leading real estate investment trust (REIT) focused on owning and acquiring gaming, hospitality, and entertainment properties. The company operates a diverse portfolio of properties, primarily leased to casino operators, enabling steady income through long-term triple net leases.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
VICI Properties began its bond issuance program shortly after its IPO in 2018, with significant offerings including a $1.15 billion senior unsecured note offering in 2020, aimed at refinancing existing debt and funding growth initiatives. Currently, the company's bonds exhibit yields that are competitive within the REIT sector, reflecting strong interest from investors in entertainment-related real estate. Notably, VICI's bonds feature a mix of maturities and provide investors with a solid option for income, especially given the ongoing resilience of the gaming industry post-pandemic.