Ventas Prices $500 Million Senior Notes Offering Due 2033
Ventas (VTR) has successfully priced an underwritten public offering of senior notes totaling $500 million. The notes carry a 5.5% interest rate and are scheduled to mature in 2033, issued at a price of 99.441% of their principal value. The debt represents senior unsecured obligations of Ventas Realty, Limited Partnership, a wholly owned subsidiary of the company. This capital raise provides the real estate investment trust (REIT) with additional liquidity and long-term financing capacity.
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