- Ventas (NYSE:VTR) expects to accept for payment all $549.4M of 4.750% senior notes due 2021 tendered under its previously announced offer.
- The amount excludes $1.2M of notes that remain subject to guaranteed delivery procedures.
- Ventas will pay all holders of tendered notes $1,045.57 per $1,000 principal amount.
- The tender offer will be funded with proceeds from Ventas Realty's previously announced sale of $750M of 4.400% senior notes due 2029, and with cash on hand and/or borrowings under its unsecured revolving credit facility.
- Source: Press Release
- Previously: Ventas starts offer to buy back 4.750% senior notes (Aug. 6)