Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today that it has priced a public offering of $500 million aggregate principal amount of 2.700% Senior Notes due 2020 (the “Notes”) at 99.942% 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 sale of the Notes is expected to close on March 19, 2013, subject to customary closing conditions.
The Company 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 or investments, if any.
Citigroup, Credit Agricole CIB, Jefferies and J.P. Morgan acted as joint book-running managers for the offering of the Notes.
The Notes are being offered pursuant to the Company’s existing shelf registration statement, which became automatically effective upon filing with the Securities and Exchange Commission. A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus supplement and the accompanying prospectus may be obtained from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at 800-831-9146; Credit Agricole CIB, 1301 Avenue of the Americas - 17th Floor, New York, NY 10019, or by telephone at 212-261-3678; Jefferies, 520 Madison Avenue, 8
Floor, New York, NY 10022, or by telephone at 212-336-7247; or J.P. Morgan, 383 Madison Avenue, New York, NY 10179, Attention: High Grade Syndicate Desk, 3rd Floor, or by telephone at 212-834-4533 (collect).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.