trending Market Intelligence /marketintelligence/en/news-insights/trending/DsvQVN3cXX4bq4Ws3HSitQ2 content esgSubNav
In This List

Ventas prices $650M debt offering

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Ventas prices $650M debt offering

Ventas Inc. priced an offering of $650 million of 3.000% senior notes due 2030.

The public offering by the healthcare real estate investment trust's Ventas Realty LP unit priced at 99.506% of the notes' principal amount and is set to close Aug. 21.

Ventas aims to use the net proceeds, along with cash on hand and/or borrowings under its unsecured revolving credit facility, to fund Ventas Realty's cash tender offer for its 4.25% senior notes due 2022 and for other general corporate purposes.

J.P. Morgan Securities LLC, Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc. and Wells Fargo Securities LLC were the joint book-running managers for the offering.