Ventas launches tender offer, readies public offering

04/8/2009 |

Healthcare REIT Ventas has opened a tender offer for $310 million worth of senior notes issued by two Ventas affiliates, Ventas Capital and Ventas Realty. The REIT will fund the tender with an underwritten public offering of 8.5 million shares of REIT stock and senior notes due in 2016, with a value of $200 million. To accommodate over-allotments, Ventas will offer the underwriters an additional 1.3 million common shares.

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