Ventas Begins Tender Offer Of 1.55% Senior Notes

Ventas, Inc.

revealed that its fully-owned subsidiary, Ventas Realty, commenced a cash tender offer for any and all of its outstanding $550.0 million aggregate principal amount of its 1.55% Senior Notes due 2016. According to Ventas, the tender offer consideration for each $1,000 Note purchased following the Offer would be $1,003.35. The company said that the holders must validly tender or deliver a properly completed and duly executed Notice of Guaranteed Delivery for their Notes at or before the Expiration Time (as defined below) in order to be eligible to receive the Tender Offer Consideration. Aside from that, the company said that the holders whose Notes are purchased in the Offer would get accrued and unpaid interest from the last interest payment date. Ventas Realty expects the Payment Date to happen on June 2. The stock traded 0.21 percent down on Wednesday.