05:01 PM EDT, 03/26/2025 (MT Newswires) -- VICI Properties ( VICI ) said Wednesday its unit priced a $1.3 billion public offering of senior unsecured notes.

The offering includes $400 million of 4.75% senior unsecured notes due 2028 and $900 million of 5.625% senior unsecured notes due 2035, the company said.

VICI said it expects to close the offering on April 7 and intends to use the net proceeds to repay about $1.3 billion in outstanding 4.375% senior notes, 4.625% senior exchange notes, and 4.625% senior notes due 2025.

Any remaining proceeds will be used for general corporate purposes, including property acquisitions and improvements, capital expenditures, working capital, and debt repayment, the company added.