WASHINGTON (dpa-AFX) - Ventas Realty, Limited Partnership, a wholly-owned unit of Ventas, Inc. (VTR), said on Thursday that it intends to privately place $500 million of its Exchangeable Senior Notes due 2026 with institutional buyers.
VTR also intends to grant the initial purchasers an option to purchase an additional $75 million aggregate principal amount of notes.
The notes will accrue interest payable semi-annually in arrears, with a maturity date of June 1, 2026.
Ventas Realty intends to use the proceeds from the offering to pay debts and for general corporate purposes.
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