FONT-SIZE Plus   Neg

Ventas Prices Public Offering Of $600 Mln Of 4.00% Senior Notes Due 2019

Ventas, Inc. (VTR) announced that it has priced a public offering of $600 million aggregate principal amount of 4.00% Senior Notes due 2019 at 99.489% of principal amount.

The notes are being issued by the Company's operating partnership, Ventas Realty, Limited Partnership, and a wholly owned subsidiary, Ventas Capital Corporation, and will be guaranteed, on a senior unsecured basis, by the Company.

The company said that it expects to use the net proceeds from the offering to repay indebtedness outstanding under its unsecured revolving credit facility and for working capital and other general corporate purposes, including to fund future acquisitions and investments, if any. The sale of the notes is expected to close on April 17, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Buick, Lexus and Toyota are among the top brands with highest reliability rating in the latest annual brand reliability survey. A New York woman has filed a $20 million lawsuit against Kentucky Fried Chicken, accusing the fast-food giant of 'false and deceptive trade practice' and also of misleading customers as she did not get enough chicken in her $20 "Fill-Up." Fans of Girl Scouts Cookies can rejoice. General Mills Inc. has confirmed its plans to launch two cereals inspired by Girl Scout cookies next year. The cereals will come in two flavors and in boxes carrying the Girl Scouts logo.
comments powered by Disqus
Follow RTT