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Ventas Realty preps $700 million two-part note sale; pricing Thursday
By Aleesia Forni
Virginia Beach, April 10 - Ventas Realty, LP is expected to price $700 million of senior notes on Thursday in three- and 10-year tranches, according to a market source and a 424B5 filing with the Securities and Exchange Commission.
The bookrunners are Citigroup Global Markets Inc., Barclays and RBC Capital Markets LLC.
The notes are guaranteed by Ventas, Inc.
Proceeds will be used to repay debt under an unsecured revolving credit facility and for working capital and general corporate purposes, including funding acquisitions and investments.
The real estate investment trust for housing and health care properties is based in Chicago.
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