Ventas Canada plans to redeem 3.3% notes due 2022 on Dec. 8

By Marisa Wong

Los Angeles, Nov. 16 – Ventas, Inc. wholly owned subsidiary Ventas Canada Finance Ltd. plans to redeem its 3.3% senior notes, series C, due 2022 on Dec. 8, according to a news release.

The redemption will be funded with proceeds from an offering of new notes. Ventas announced on Tuesday that it priced C$775 million of senior notes in two tranches due 2027 and 2031.

Remining proceeds from the new notes are expected to be used for general corporate purposes, which may include repayment of a portion of Ventas’ existing debt.

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

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