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S&P assigns BBB- to VICI notes
S&P said it assigned a BBB- rating to VICI Properties LP’s planned senior unsecured notes due 2034 and 2054.
The rating is the same as those on VICI’s outstanding notes.
VICI intends to use the proceeds to repay the outstanding $1.024 billion of 2024 exchange notes and $25.8 million in principal of its 2024 MGM Growth Properties notes. The company will use the rest for general corporate purposes.
The outlook is stable.
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