Deal Details
Ventas Completes $862.5 Million Exchangeable Notes Offering
Summary
Ventas, Inc. (“Ventas”) recently completed an upsized offering of $862.5 million aggregate principal amount of 3.750% exchangeable senior notes due 2026 (the “Notes”) in a private placement pursuant to Rule 144A, including $112.5 million aggregate principal amount of the Notes purchased by the underwriters pursuant to the overallotment option. Ventas intends to use the net proceeds from this offering for the repayment of commercial paper notes and for general corporate purposes, including the redemption or repayment of other indebtedness.
Baird acted as a co-manager on this offering.
About
Ventas, a S&P 500 company, is a REIT operating at the intersection of healthcare and real estate. Ventas and its consolidated subsidiaries hold a highly diversified portfolio of senior housing communities, medical office buildings, life science, research and innovation centers, hospitals and other healthcare facilities located throughout the United States, Canada and the United Kingdom. As of March 31, 2023, Ventas and its consolidated subsidiaries owned or had investments in approximately 1,200 properties (including properties classified as held for sale). Ventas was originally founded in 1983 and is headquartered in Chicago, Illinois with additional corporate offices in Louisville, Kentucky and New York, New York.CONTACT US TO LEARN MORE
- Date
- June 2023
- Company
- Ventas, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Real Estate
- Target Geography
- North America
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