BRIEF-VICI Properties Announces $1.16 Billion Sale-Leaseback Transaction With Golden Entertainment

Reuters11-06
BRIEF-VICI Properties Announces $1.16 Billion Sale-Leaseback Transaction With Golden Entertainment

Nov 6 (Reuters) - Golden Entertainment Inc GDEN.O:

  • VICI PROPERTIES INC. ANNOUNCES $1.16 BILLION SALE-LEASEBACK TRANSACTION WITH GOLDEN ENTERTAINMENT

  • VICI PROPERTIES INC - DEAL EXPECTED TO BE ACCRETIVE TO AFFO PER SHARE IMMEDIATELY UPON CLOSING

  • VICI PROPERTIES INC - UNDER DEAL, GOLDEN SHAREHOLDERS TO RECEIVE 24.3 MILLION VICI SHARES, 0.902 EXCHANGE RATIO

  • VICI PROPERTIES INC: DEAL INCLUDES CASH CONSIDERATION PAYABLE BY AFFILIATE OF GOLDEN OPCO

  • VICI PROPERTIES- ENTERED TRIPLE-NET MASTER LEASE WITH NEWLY FORMED ENTITY THAT WILL BE OWNED AND CONTROLLED BY BLAKE L. SARTINI

  • VICI PROPERTIES - TO ACQUIRE 100% OF LAND, REAL PROPERTY AND IMPROVEMENTS OF SEVEN CASINO PROPERTIES FROM GOLDEN ENTERTAINMENT

  • VICI PROPERTIES: IN CONNECTION WITH DEAL, VICI WILL ASSUME & IMMEDIATELY RETIRE GOLDEN'S OUTSTANDING $426 MILLION OF DEBT

  • VICI PROPERTIES INC: NO RELIANCE ON CAPITAL MARKETS ACTIVITY EXPECTED TO COMPLETE TRANSACTION

  • VICI PROPERTIES INC - DOES NOT EXPECT TO REQUIRE ADDITIONAL FINANCING, INCLUDING CAPITAL MARKETS ACTIVITY, TO COMPLETE TRANSACTION.

Source text: ID:nBw664FNVa

Further company coverage: GDEN.O

((Reuters.Briefs@thomsonreuters.com;))

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