debt
confidence high
sentiment neutral
materiality 0.50
Ventas Canada prices Cdn$650M 5.10% Senior Notes due 2029
Ventas, Inc.
- Cdn$650 million principal, 5.10% coupon, due March 5, 2029; expected close March 5, 2024.
- Net proceeds to repay Cdn$500M term loan and for general corporate purposes.
- Notes guaranteed by Ventas on a senior unsecured basis; rated BBB+/Baa1/BBB (S&P/Moody's/Fitch).
- Offering exempt from registration in U.S. and Canada; sold to accredited investors.