secwatch.observer — SEC 8-K summary
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Issuer:     Ventas, Inc. (VTR)
CIK:        0000740260
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001104659-23-070860
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740260/000110465923070860/0001104659-23-070860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740260/000110465923070860/tm2318553d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-070860

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