Ventas Realty intends to price guaranteed fixed-rate senior notes

By Cristal Cody

Tupelo, Miss., June 24 – Ventas Realty LP plans to price new dollar-denominated fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

The notes have a make-whole and a par call.

BofA Securities, Inc., Jefferies LLC and Wells Fargo Securities LLC are the bookrunners.

Ventas, Inc. will fully and unconditionally guarantee the notes.

Proceeds will be used together with cash on hand or borrowings under the company's revolving credit facility to purchase up to $500 million of outstanding 2.7% senior notes due 2020 in a tender offer started on Monday.

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

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