Ventas units tender for $700 million of 4¾% senior notes due 2021

By Susanna Moon

Chicago, Aug. 6 – Ventas, Inc. said wholly owned subsidiaries Ventas Realty, LP and Ventas Capital Corp. are tendering for their $700 million of 4¾% senior notes due 2021.

The tender offer price will be $1,045.57 for each $1,000 principal amount plus accrued interest up to but excluding the payment date of Aug. 15.

The tender offer will end at 5 p.m. ET on Aug. 10.

Tendered notes may be withdrawn at any time before the offer ends.

The tender includes a condition that the issuers receive proceeds of at least $350 million from an offering of new senior notes, according to the announcement.

Wells Fargo Securities (704 410-4759 or 866 309-6316) and Morgan Stanley (212 761-1057 or 800 624-1808) are the dealer managers. D.F. King & Co., Inc. (212 269-5550, 888 540-8736 or ventas@dfking.com) is the information agent.

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

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