- Category
- Defining Matters
- Date
- May 23, 2019
- Title
-
Kramer Levin Represents VICI Properties in $600M upsizing to its Credit Facility
Kramer Levin represented VICI Properties 1 LLC ("VICI Propco"), a wholly owned subsidiary of VICI Properties Inc. (OTC VICI), as borrower in connection with a $600MM upsizing to its first lien credit facility, with Goldman Sachs Bank USA, as administrative agent, the lenders party thereto and the certain other parties as joint lead arrangers, co- arrangers and joint bookrunners. The upsizing, which closed on May 15, 2019, provides Vici Propco with a $1.0B revolving credit facility and extends the maturity thereof to 2024, and is in addition to its existing $2.2B term loan facility. The proceeds of this upsized revolving credit facility are available for, among other things, permitted acquisitions, permitted investments and other corporate purposes.
The Kramer Levin team consisted of Leveraged Finance partners Richard E. Farley and David J. Fisher, and associate Sara Hung.
Related People
-
-
Richard E. Farley
-
- Partner
- Chair, Leveraged Finance Group
- New York
- vcard
-
-
-
David J. Fisher
-
- Partner
- New York
- vcard
-
