Ventas Offers 8.5 Million Shares, $200m Notes

CHICAGO (AP) — Real estate investment trust Ventas Inc. said Monday it plans to offer 8.5 million shares of common stock and $200 million of senior notes to boost liquidity and strengthen its balance sheet.

The proceeds will be used to pay down or repurchase its debt and for general corporate purposes, the company said in a statement.

The notes due 2016 will be issued by the company's operating partnership Ventas Realty and a wholly owned subsidiary, Ventas Capital Corp. The company also said it has commenced tender offers up to $310 million to purchase outstanding senior notes due in 2010, 2012, 2014 and 2015 issued by the two business units. ...