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Ventas releases results of cash tender offer for up to $600M of senior notes

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Ventas releases results of cash tender offer for up to $600M of senior notes

Healthcare real estate investment trust Ventas Inc. released the results of a cash tender offer launched by two of its units to buy up to $600.0 million of their outstanding 4.00% senior notes due 2019.

As of the tender expiration at 5 p.m. on Feb. 20, roughly $502.1 million of notes were validly tendered and not withdrawn, representing 83.69% of the outstanding notes.

The units will pay $1,018.30 for each $1,000 principal amount of the notes purchased under the offer, with the issuers using net proceeds from a previous offering of $650 million of 4.00% senior notes due 2028 to settle the payment.