Todd got his start in financial markets as a reporter with Bloomberg News... Click for moreVICI Properties (NYSE: VICI) priced $1.75 billion in senior unsecured notes on Wednesday (August 5), using the proceeds to refinance senior notes maturing later this year. Owner VICI Properties priced $1.75 billion in debt. Longer-dated bonds carry higher interest rates because bondholders incur more risk with the longer timeline to maturity. VICI Navigating Tough Interest Rate EnvironmentVICI’s debt sale is arguably noteworthy for at least two reasons. Due to high debt levels, REITs are notoriously sensitive to interest rates, meaning they typically benefit when borrowing costs decline.