Ventas to repay revolver debt with convertibles proceeds

By Sara Rosenberg

New York, Nov. 27 - Ventas Inc. plans to repay debt under its revolving credit facility using proceeds from a proposed $200 million convertible senior notes offering, according to a company news release.

Remaining convertible proceeds will be used for general corporate purposes.

Ventas is a Louisville, Ky.-based health care real estate investment trust.

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