Ventas Realty, Limited Partnership Announces Upsize and Pricing of $750 Million of Exchangeable Senior No
Ventas Realty, Limited Partnership ("Ventas Realty"), a wholly-owned subsidiary of Ventas, Inc. ("Ventas") VTR, announced today the pricing of $750 million aggregate principal amount of its 3.75% Exchangeable Senior Notes due 2026 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The offering was upsized from the previously announced offering of $500 million aggregate principal amount of notes. Ventas Realty also granted the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the first date on which the notes are issued, up to an additional $112.5 million aggregate principal amount of notes. The sale of the notes to the initial purchasers is expected to settle on June 13, 2023, subject to customary closing conditions, and is expected to result in approximately $734 million in net proceeds to Ventas Realty after deducting the initial purchasers' discount but before deducting estimated offering expenses payable by Ventas Realty (assuming no exercise of the initial purchasers' option to purchase additional notes).