Ventas, Inc. (VTR) announced that it closed on a commitment for $50 million of additional credit capacity under the company's revolving credit facilities to mature in 2012. The additional commitment comes from a financial institution that will join the company's bank group as a new lender.
Upon closing of the additional commitment, the company's revolving credit facilities were expanded to $1.0 billion. The first portion of the revolving credit facilities, maturing April 26, 2012, contains $765 million of borrowing capacity, and the second portion of the revolving credit facilities, maturing April 26, 2010, contains $232 million of borrowing capacity.
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