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Ventas Unit Prices $500 Million Debt Offering
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Ventas Unit Prices $500 Million Debt Offering
May 9, 2024 3:29 AM

06:03 AM EDT, 05/09/2024 (MT Newswires) -- Ventas ( VTR ) said late Wednesday that its Ventas Realty unit has priced an underwritten public offering of $500 million of 5.625% senior unsecured notes that mature in 2034 at an issue price equal to 98.75% of the principal amount.

The debt sale is slated to be completed on Monday.

The company said proceeds from the offering will be used for general corporate purposes, which may include repayment of other debts.

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