Hogan Lovells Advises VICI Properties on $2.5B Credit Facility.

Global law firm Hogan Lovells has advised VICI Properties Inc. (NYSE: VICI) on securing a US$2.5 billion multicurrency revolving credit facility for its subsidiary, VICI Properties L.P.

The deal strengthens VICI's liquidity and provides flexible financing options as the company continues to grow its expansive portfolio.

The new $2.5 billion credit facility provides VICI with additional liquidity and financing flexibility. This allows the company to support its investment-grade balance sheet and respond to potential investment opportunities in the future.

David Kieske, Executive Vice President and CFO of VICI, commented on the deal:

“We greatly appreciate the continued capital support of our bank group and the confidence they have in our business. This new facility maintains our depth of liquidity and multicurrency financing flexibility for our investment-grade balance sheet to take advantage of potential investment opportunities.”

The facility’s multicurrency feature is particularly significant, enabling VICI to finance projects across multiple markets and regions.

VICI Properties Inc. is a leading experiential real estate investment trust (REIT) and one of the largest owners of gaming, hospitality, and entertainment destinations in the U.S. The company’s portfolio includes iconic properties such as Caesars Palace Las Vegas, MGM Grand, and The Venetian Resort Las Vegas, as well as 93 other experiential assets spread across the U.S. and Canada.

With 54 gaming properties and 39 non-gaming experiential properties, VICI owns approximately 127 million square feet of space. The portfolio also includes 60,300 hotel rooms, 500 restaurants, bars, nightclubs, and sportsbooks, and four championship golf courses. VICI focuses on long-term, triple-net lease agreements with top operators in the gaming, leisure, and hospitality industries, including partnerships with brands like Bowlero, Cabot, and Kalahari Resorts.

The Washington, D.C.-based team at Hogan Lovells played a crucial role in advising VICI on this high-value transaction. The deal team was led by partners Nathan Cooper and Gordon Wilson from the Banking & Loan Finance practice, with additional support from counsel Brooke Shekhar (Banking & Loan Finance), partner Cristina Arumi (Tax, Pensions & Benefits), partner Andrew Zahn (Capital Markets), and Global Managing Partner of the Corporate Practice David Bonser (Capital Markets).

Hogan Lovells is an American-British law firm co-headquartered in London and Washington, DC. The company was established in 2010 by the merger of the American law firm Hogan & Hartson and the British law firm Lovells. By 2022 the firm employed about 2,500 lawyers, ranking it as the sixth largest law firm globally.

Hogan Lovells Advises Avelios Medical on €30 Million Funding