Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today that it has priced a public offering of $550 million aggregate principal amount of 1.55% Senior Notes due 2016 (the “2016 Notes”) at 99.910% of principal amount and $300 million aggregate principal amount of 5.70% Senior Notes due 2043 (the “2043 Notes” and, together with the 2016 Notes, the “Notes”) at 99.628% of principal amount. The Notes are being issued by the Company’s operating partnership, Ventas Realty, Limited Partnership, and will be guaranteed, on a senior unsecured basis, by the Company. The sale of the Notes is expected to close on September 26, 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 and investments, if any.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, Barclays Capital Inc., Credit Agricole Securities (USA) Inc., and Morgan Stanley & Co. LLC 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: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 7 th Floor, New York, NY 10038, Attention: Prospectus Department, or by calling: 1-800-294-1322 or emailing: email@example.com, Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department, or by calling: 866-471-2526, J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate Desk, or by calling: 212-834-4533 (collect), or by fax: 212-834-6081, or UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attention: Prospectus Specialist, or by calling: 1-877-827-6444, ext. 561 3884.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.
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