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Fitch rates Ventas notes BBB+
Fitch Ratings said it assigned a credit rating of BBB+ to the notes issued by Ventas Realty, LP, a subsidiary of Ventas, Inc.
The notes consist of $600 million 3.5% senior unsecured notes due 2025 and $300 million 4.375% senior unsecured notes due 2045.
The agency also said it assigned a rating of BBB+ to Ventas Canada Finance Ltd., also a subsidiary of Ventas.
The notes are guaranteed by Ventas on a senior unsecured basis.
The proceeds will be used to repay debt outstanding under its unsecured revolving credit facility and for working capital and other general corporate purposes.
The proceeds also will fund a portion of the cash consideration of the company’s pending acquisition of American Realty Capital Healthcare Trust, Inc., Fitch said
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