Ventas units hold one-week tender for $600 million 4% notes due 2019

By Susanna Moon

Chicago, Feb. 13 – Ventas, Inc. said wholly owned subsidiaries Ventas Realty, LP and Ventas Capital Corp. are tendering for their $600 million principal amount of outstanding 4% senior notes due 2019.

The tender offer will end at 5 p.m. ET on Feb. 20.

The purchase price will be $1,018.30 for each $1,000 principal amount plus accrued interest to but excluding the payment date of Feb. 23.

Tendered notes may be withdrawn at any time before the offer ends.

The tender contains a financing condition that requires that the issuers secure proceeds of at least $300 million from an offering of new senior notes, according to a company announcement.

Ipreo LLC (212 849-3880, 888 593-9546 or tenderoffer@ipreo.com) is the tender agent and information agent. BofA Merrill Lynch (980 387-3907 or 888 292-0070) and Jefferies LLC (203 363-8273 or 888 708-5831) are the dealer managers.

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

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