Baird served as a co-manager on this offering
AboutVICI Properties Inc. (“VICI Properties” or the “Company”) (NYSE: VICI) recently completed a follow-on offering of 34.5 million shares of common stock, including 4.5 million shares of common stock sold pursuant to the exercise in full of the underwriters’ option to purchase additional shares of common stock, at the public offering price of $21.00 per share for gross proceeds of $724.5 million. The Company intends to use the net proceeds from this offering, together with debt financing and available cash on hand, to fund its previously announced acquisition of the land and real estate assets of the Greektown Casino-Hotel.
VICI Properties is an owner and acquirer of experiential real estate assets across leading gaming, hospitality, entertainment and leisure destinations, including Caesars Palace Las Vegas and Harrah’s Las Vegas, two of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties’ well-maintained properties are located in nine states, contain nearly 14,500 hotel rooms and feature over 150 restaurants, bars and nightclubs across more than 35 million square feet. Its properties are leased to leading brands that seek to drive consumer loyalty and value through superior services, experiences, products and continuous innovation. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. The Company is headquartered in New York, New York.
CONTACT US TO LEARN MORE
- November 2018
- VICI Properties Inc.
- Real Estate
- Target Location
- North America