Ventas offers to purchase any and all outstanding 3.25% notes due 2022

By Taylor Fox

New York, Sept. 23 – Ventas, Inc. wholly owned subsidiaries Ventas Realty, LP and Ventas Capital Corp. commenced a cash tender offer for any and all of their outstanding 3.25% senior notes due 2022 (Cusip: 92276MAZ8), according to a news release.

There is currently $500 million of the notes outstanding.

The tender offer consideration for each $1,000 of notes purchased will be $1,041.40, plus interest.

The offer will expire at 5 p.m. ET Sept. 29, unless extended or earlier terminated.

The payment date is expected for Oct. 2.

The obligation to accept for purchase and pay for notes validly tendered is subject to some conditions.

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

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

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

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