Banks line up US$9bn financing commitment for VICI’s MGP acquisition

SLB Capital Advisors shares perspectives regarding VICI Properties’ $17.2bn acquisition of MGM Growth Properties.

  • Scott Merkle spoke with the International Financing Review regarding VICI Properties’ $17.2bn acquisition of MGM Growth Properties, a deal which will create the largest private owner of meeting and convention center space in the US, and the largest hotel owner in the US by number of rooms
  • “The ability to get an investment grade rating is a key aspect of the transaction,” said Scott Merkle, Managing Partner at SLB Capital Advisors, which advises corporate owners of real estate and focuses on sale and leaseback deals. “The lower cost of capital is a nice competitive advantage.”
  • “It’s a tried and tested playbook in the REIT space,” said Merkle. “I think the transaction will resonate with a lot of investors.”