Ventas to repay revolver debt with common stock proceeds

By Sara Rosenberg

New York, March 11 - Ventas Inc. plans to repay debt under its revolving credit facility with a portion of the $51.2 million in proceeds from a common stock sale, according to a company news release.

Remaining proceeds will be used for general corporate purposes, including funding possible future acquisitions.

Ventas is a Louisville, Ky., healthcare real estate investment trust.

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