secwatch.observer — SEC 8-K summary
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Issuer:     Ventas, Inc. (VTR)
CIK:        0000740260
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001104659-23-040983
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ventas prices Cdn$600M 5.398% senior notes due 2028 and announces Santerre mezzanine loan conversion to equity
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- Priced Cdn$600M of 5.398% Senior Notes, Series I due 2028; expected close April 21, 2023.
- Launched tender offers for up to Cdn$500M aggregate of 2.80% Series E 2024 and 4.125% Series B 2024 notes.
- Net proceeds from notes used to fund tender offers; balance for working capital or debt repayment.
- Intends to take ownership of Santerre Portfolio via loan-to-own; no additional consideration; expects Q2 2023.
- Santerre mezzanine loan ~$486M; ownership subject to ~$1B senior loan maturing June 2023 with right to extend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740260/000110465923040983/0001104659-23-040983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740260/000110465923040983/tm2311329d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-040983

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