Ventas Canada may pay down term loan with note proceeds

By Wendy Van Sickle

Columbus, Ohio, Feb. 29 – Ventas, Inc. subsidiary Ventas Canada Finance Ltd. plans to repay debt, including under its C$500 million unsecured term loan, with some proceeds of an offering of C$650 million of 5.1% five-year senior notes, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds may also be used for general corporate purposes, which may include acquisitions of, or investments in, additional properties and business.

Ventas is a Chicago-based real estate investment trust for housing and health care properties.

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