VICI: Material agreement · New financial obligation

Item 1.01 Entry into a Material Definitive Agreement. On August 14, 2026, VICI Properties L.P., a Delaware limited partnership (“VICI LP”), completed the previously announced offering of $900,000,000 aggregate principal amount of 5.400% Notes due 2031 (the “2031 Notes”) and $850,000,000 aggregate principal amount of 5.750% Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”). VICI LP intends to use the net proceeds from the offering to repay all or a portion of its outstanding (i) $480.5 million in aggregate principal amount of 4.500% senior notes due 2026 (the “September 2026 Maturity Notes”), (ii) $19.5 million in aggregate principal amount of 4.500% senior notes due 2026 (the “2026 MGP Notes”), and (iii) $1.25 billion in aggregate principal amount of 4.250% senior notes due 2026 (the “December 2026 Maturity Notes”). VICI LP expects to redeem each of the September 2026 Maturity Notes and the December 2026 Maturity Notes on August 17, 2026, in each case, at a redemption price equal to 100% of the principal amount of the September 2026 Maturity Notes and the December 2026 Maturity Notes, as applicable, to be redeemed, plus accrued interest to the applicable redemption date. Notwithstanding the expected redemptions, the September 2026 Maturity Notes bear interest at 4.500% per annum and mature on September 1, 2026, and the December 2026 Maturity Notes bear interest at 4.250% per annum and mature on December 1, 2026. VICI LP expects to pay off the 2026 MGP Notes on the date of maturity, which is September 1, 2026. The Notes were issued pursuant to an Indenture, dated as of April 29, 2022 (the “Base Indenture”), between VICI LP, as issuer, and UMB Bank, National Association, as trustee (the “Trustee”), as supplemented by a Fifth Supplemental Ind