secwatch.observer — SEC 8-K summary
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Issuer:     Ventas, Inc. (VTR)
CIK:        0000740260
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0000950103-23-008679
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ventas Realty prices $750M 3.75% exchangeable notes due 2026, upsized from $500M
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- Principal $750M at 3.75% interest, mature June 1, 2026; exchangeable at $54.81/share (22.5% premium to $44.74 close).
- Upsized from initial $500M; initial purchasers granted 13-day option for additional $112.5M.
- Net proceeds ~$734M to repay commercial paper and for general corporate purposes, including debt repayment.
- Sale expected to close June 13, 2023; notes are senior unsecured, fully guaranteed by Ventas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740260/000095010323008679/0000950103-23-008679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740260/000095010323008679/dp195146_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-008679

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer