Ventas Realty preps $350 million notes due 2026 for Thursday pricing

By Aleesia Forni

Virginia Beach, July 9 – Ventas Realty, LP is expected to price a $350 million offering of senior notes (Baa1/BBB+/BBB+) on Thursday due 2026, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The bookrunners are UBS Securities LLC, Citigroup Global Markets Inc. and Credit Agricole.

The notes are guaranteed by Ventas, Inc.

Proceeds will be used for working capital and other general corporate purposes, including to fund pending or future acquisitions and investments.

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

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