VICI - VICI Properties extends exchange offer for MGM Growth notes by two weeks

VICI Properties (VICI) has extended by two weeks the expiration date of its exchange offers for $4.2B of notes issued by MGM Growth (MGP) Operating Partnership and its subsidiaries to 5:00 April 28, 2022, the company said on Thursday. As of 5:00 PM on April 13, between 94.99% and 99.65% of the outstanding notes have been tendered on the six different series of notes. The acquisition of MGP Growth Properties (MGP) by VICI (VICI) sis now expected to close in H1 2022, subject to customary closing conditions and regulatory approvals. Last August, VICI (VICI), MGM Growth Properties (MGP), and MGP's controlling shareholder, MGM Resorts International (NYSE:MGM), entered an agreement under which VICI will acquire MGP for a total consideration of $17.2B.

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VICI Properties extends exchange offer for MGM Growth notes by two weeks