Ventas enters new $180 million term loan, prepays $200 million term

By Jennifer Chiou

New York, Oct. 26 - Ventas, Inc. entered into a new $180 million unsecured term loan this month, according to a 10-Q filed with the Securities and Exchange Commission.

The term loan initially bears interest at Libor plus 120 basis points.

In addition, the company stated that it prepaid in full its $200 million unsecured term loan due 2013 in August.

The new term loan contains the same covenants as the company's unsecured revolving credit and term loan facilities.

The real estate investment trust for senior housing and health care properties is based in Chicago.

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