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Ventas unit establishes $1B commercial paper note program

A Ventas Inc. unit established an unsecured commercial paper note program in the U.S., under which it may issue up to $1 billion of the notes from time to time.

The healthcare real estate investment trust said it will fully and unconditionally guarantee the notes, to be issued by Ventas Realty LP.

The company will use the proceeds for general corporate purposes.