By Cristal Cody
Tupelo, Miss., May 25 – Ventas Canada Finance Ltd. sold C$275 million of series D guaranteed senior notes (Baa1/BBB+) due March 15, 2023 in a private offering on Thursday, according to a news release from parent company Ventas, Inc.
The notes were sold on a prospectus-exempt basis to accredited investors, the release said.
Additional pricing details were not available by press time.
The issue is guaranteed by Ventas.
Proceeds will be used for general corporate purposes, which may include repayment of debt.
Ventas is a Chicago-based real estate investment trust for housing and health care properties.
| Issuer: | Ventas Canada Finance Ltd.
|
| Guarantor: | Ventas, Inc.
|
| Amount: | C$275 million
|
| Description: | Senior notes
|
| Maturity: | March 15, 2023
|
| Coupon: | 2.55%
|
| Trade date: | May 25
|
| Settlement date: | June 1
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Distribution: | Canada private
|
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