VICI Properties has entered into a delayed draw term loan facility for as much as $120 million and a purchase and sale agreement with Cabot, a developer, owner and operator of world-class destination golf resorts and communities.
“Our business model at VICI centers on partnering with the world’s best experience creators to own the world’s best experiential assets. In partnering with Cabot on Cabot Citrus Farms, we are entering the pilgrimage golf space with the best possible partner and in a market with strong demographic drivers,” said Samantha Sacks Gallagher, VICI executive vice president & general counsel. We intend for Cabot Citrus Farms to be the first of many real estate investment opportunities that we will undertake with Cabot in the years ahead, domestically and internationally, through the Cabot-VICI preferred partnership as Cabot creates what we believe will be the world’s leading network of pilgrimage golf destinations.”
The proceeds of the