Ventas to redeem remaining 4% notes due 2019

New York, March 9 – Ventas Realty LP and Ventas Capital Corp. will redeem their $97,891,000 of 4% senior notes due 2019 on April 9, according to a notice.

The redemption price will be 101.597% of par plus accrued interest.

Ventas recently carried out a tender offer for the notes which expired on Feb. 20.

Holders tendered $502,122,000, or 83.69%, of the $600 million of outstanding notes.

The purchase price in the tender was $1,018.30 for each $1,000 principal amount plus accrued interest.

Ventas is a real estate investment trust for housing and health care properties and is based in Chicago.

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