Home Featured Ventas Reveals $1B Commercial Paper Note Program

Ventas Reveals $1B Commercial Paper Note Program


Chicago-based Ventas Inc. revealed that Ventas Realty, Limited Partnership, its wholly owned subsidiary, has established an unsecured commercial paper note program in the US.

Under the terms of the program, Ventas Realty may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $1 billion. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with all of Ventas Realty’s other unsecured senior indebtedness. The notes will be fully and unconditionally guaranteed by Ventas. The proceeds of the notes will be used for general corporate purposes.

The notes and the guarantee to be offered under the commercial paper note program have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes under Ventas Realty’s commercial paper note program.

Ventas, Inc., an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.