Ventas $550 million senior notes offering
We advised Ventas on its investment-grade debt offering
Davis Polk advised Ventas, Inc. in connection with an SEC-registered debt offering of $550 million aggregate principal amount of 5.000% senior notes due 2035 by Ventas Realty, Limited Partnership, a wholly owned subsidiary of Ventas, Inc. The notes are guaranteed by Ventas, Inc. on a senior unsecured basis.
Ventas is a leading S&P 500 real estate investment trust enabling exceptional environments that benefit a large and growing aging population. With approximately 1,350 properties in North America and the United Kingdom, Ventas occupies an essential role in the longevity economy. Ventas’s growth is fueled by its approximately 800 senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments. The Ventas portfolio also includes outpatient medical buildings, research centers and healthcare facilities.
The Davis Polk capital markets team included partner Richard D. Truesdell Jr. and associates Moses Farzan Nekou, Rachel Jang and Megan P. Phansalkar. The tax team included partner Michael Mollerus and associates Yueyu Yang and Caroline Peters. Counsel Leon E. Salkin and associate Caleb Beavers provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.