Ventas starts tender offer for 1.55% senior notes due 2016

New York, May 25 – Ventas, Inc. said that its subsidiary Ventas Realty, LP began a tender offer for its $550 million of 1.55% senior notes due 2016.

The company is offering $1,003.55 per $1,000 principal amount of the notes plus accrued interest up to but excluding the payment date, according to a news release.

To participate, holders must submit tenders by the expiration time of 5 p.m. ET on June 1. Settlement is scheduled for June 2.

Completion of the offer is subject to conditions, including the receipt of proceeds of at least $300 million from the sale of new notes. Ventas announced an offering of senior notes due 2023 on Wednesday morning.

Morgan Stanley & Co. LLC (212 761-1057 or 800 624-1808) and Wells Fargo Securities, LLC (704 410-4760 or 866 309-6316) are dealer managers. D.F. King & Co., Inc. (212 269-5550, 866 416-0576 or ventas@dfking.com) is the information agent and tender agent.

Ventas is a Chicago-based real estate investment trust with a portfolio of 1,300 assets in the United States, Canada and the United Kingdom that includes senior housing communities, medical office buildings, skilled nursing facilities, specialty hospitals and general acute care hospitals.

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