Ventas Realty Prices $500 Million of 5.5% Notes Due in 2033
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Ventas Realty, Limited Partnership priced $500 million of senior notes due in 2033, setting a 5.5% coupon as it seeks proceeds for general corporate purposes and potential debt repayment. The notes were priced at 99.441% of principal, producing a 5.595% yield to maturity. They mature Dec. 15, 2033, and carry a 5.5% annual interest rate. Ventas, Inc., an indirect parent of the issuer, will fully and unconditionally guarantee the notes on a senior unsecured basis. Interest will accrue starting Tuesday, Nov. 10, and be paid twice a year beginning June 15, 2027. The offering is expected to settle Tuesday, Nov.
Source: TokenPost
