Ventas Realty intends to conduct offering of guaranteed senior notes

By Devika Patel

Knoxville, Tenn., Aug. 6 – Ventas Realty, LP is expected to price an offering of guaranteed senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and are then redeemable at par.

The bookrunners are Wells Fargo Securities LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and TD Securities (USA) LLC.

The notes are guaranteed by Ventas, Inc.

Proceeds will be used to purchase for cash up to $700 million of the company’s 4.75% senior notes due 2021 in a tender offer, for working capital and other general corporate purposes, including debt repayment.

The real estate investment trust for housing and health care properties is based in Chicago.

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