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Ventas Realty intends to sell fixed-rate notes in two tranches
By Devika Patel
Knoxville, Tenn., March 22 – Ventas Realty LP plans to offer dollar-denominated fixed-rate senior notes in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.
The notes are guaranteed by Ventas, Inc.
The notes will have a make-whole call initially and then a par call. Interest will be paid semiannually in arrears.
BofA Merrill Lynch and J.P. Morgan Securities LLC are the bookrunners.
Proceeds will be used for working capital and general corporate purposes.
The real estate investment trust for housing and health care properties is based in Chicago.
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