Leading healthcare Real Estate Investment Trust (REIT) Ventas closes on public offering of senior notes.
On April 17, Willkie client Ventas, Inc. closed on its public offering of $300 million aggregate principal amount of 1.250% Senior Notes due 2017and $400 million aggregate principal amount of 3.750% Senior Notes due 2024. The notes are being issued by the company’s operating partnership, Ventas Realty, Limited Partnership. Louisville, Ky.-based Ventas has a diverse portfolio of more than 1500 assets in 47 states (including the District of Columbia) and two Canadian provinces, consisting of seniors housing communities, skilled nursing facilities, hospitals, medical office buildings and other properties. The deal was handled by partners David Boston, Laura Delanoy and Leslie Mazza and associates Laura Acker and Thomas Cantore.