---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-070860"
form_type: "8-K"
ticker: "VTR"
cik: "0000740260"
company_name: "Ventas, Inc."
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T02:26:03.523609+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ventas issues $862.5M 3.75% exchangeable notes due 2026, net proceeds ~$844M

## Summary
- $862.5M aggregate principal of 3.75% exchangeable notes due June 1, 2026.
- Initial exchange rate: 18.2460 shares per $1,000 principal ($54.81/share), 22.5% premium to $44.74 close.
- Net proceeds ~$844M from offering; proceeds to repay commercial paper and for general corporate purposes.
- Notes are senior unsecured obligations of Ventas Realty LP, fully guaranteed by Ventas, Inc. (VTR).
- Holders can require repurchase at 100% principal plus accrued interest upon a fundamental change.

## SEC filing metadata
- accession: 0001104659-23-070860
- form_type: 8-K
- ticker: VTR
- cik: 0000740260
- company_name: Ventas, Inc.
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740260/000110465923070860/0001104659-23-070860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740260/000110465923070860/tm2318553d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-070860
- JSON: https://secwatch.observer/filing/0001104659-23-070860.json
- Plain text: https://secwatch.observer/filing/0001104659-23-070860.txt

## Key facts
- Debt Financings
  Ventas, Inc. incurred convertible notes of $862.5 million aggregate principal amount with J.P. Morgan Securities LLC, BofA Securities, Inc. and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers at 3.75% per year maturing June 1, 2026.
  - Instrument: convertible notes
  - Principal: $862.5 million aggregate principal amount
  - Counterparty: J.P. Morgan Securities LLC, BofA Securities, Inc. and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers
  - Rate: 3.75% per year
  - Maturity: June 1, 2026
  - Event: incurrence
  source text: On June 13, 2023, Ventas Realty, Limited Partnership (the “Issuer”), a wholly owned subsidiary of Ventas, Inc. (the “Guarantor”), issued $862.5 million aggregate principal amount of 3.75% Exchangeable Senior Notes due 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/740260/000110465923070860/0001104659-23-070860-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.