Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Ventas Realty LP > News item |
Ventas Realty preps benchmark two-part note sale; pricing Wednesday
By Aleesia Forni
Virginia Beach, Jan. 7 – Ventas Realty, LP is expected to price a benchmark issue of senior notes on Wednesday in 10- and 30-year tranches, according to a market source and a 424B5 filing with the Securities and Exchange Commission.
The bookrunners are BofA Merrill Lynch, J.P. Morgan Securities LLC, RBC Capital Markets LLC and TD Securities.
The notes are guaranteed by Ventas, Inc.
Proceeds will be used to repay debt under its unsecured revolving credit facility and for working capital and other general corporate purposes, including to fund a portion of the cash consideration of the company’s pending acquisition of American Realty Capital Healthcare Trust, Inc. and other future acquisitions and investments.
The real estate investment trust for housing and health care properties is based in Chicago.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.