Ventas accepts tenders on $236.27 million of 3.25% notes due 2022

By Taylor Fox

New York, Sept. 30 – Ventas, Inc. announced the expiration of the offer by wholly owned subsidiaries Ventas Realty, LP and Ventas Capital Corp. for any and all of its outstanding $500 million 3.25% senior notes due 2022 (Cusip: 92276MAZ8), according to a news release.

The offer expired at 5 p.m. ET on Sept. 29 with $236,268,000, or 47.2%, of the notes tendered and not validly withdrawn. An additional $181,000 of notes will be tendered under guaranteed delivery procedures.

All of the validly tendered notes, including those under guaranteed delivery, will be accepted for purchase, the company said.

As previously reported, the tender offer consideration for each $1,000 of notes purchased will be $1,041.40, plus interest.

Payment is expected for Oct. 2.

D.F. King & Co., Inc. (212 269-5550, 800 515-4479; ventas@dfking.com) is the tender agent and information agent.

UBS Securities LLC (203 719-4210, 888 719-4210) is the dealer manager.

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

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