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VICI Properties ( (VICI) ) just unveiled an announcement.
On February 3, 2025, VICI Properties L.P., a subsidiary of VICI Properties Inc., entered into a new Credit Agreement with Wells Fargo Bank, replacing its previous agreement. This new $2.5 billion senior revolving credit facility, maturing in 2029, allows for potentially increased lending up to $3.5 billion and includes conditions for maturity extensions and additional term loans. The agreement outlines interest rates based on SOFR or base rates, and includes financial covenants and events of default terms, impacting the company’s financial flexibility and operational strategy in the coming years.
More about VICI Properties
VICI Properties is a company operating in the real estate investment trust (REIT) industry, primarily focused on owning and managing various gaming, hospitality, and entertainment properties. The company targets the gaming sector, acquiring properties associated with well-known casino and entertainment brands across the United States.
YTD Price Performance: 2.69%
Average Trading Volume: 5,806,175
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $31.38B
Learn more about VICI stock on TipRanks’ Stock Analysis page.
