Ventas Realty, Ventas Capital to pay down revolver via note proceeds

By Tali David

Minneapolis, March 14 - Ventas Realty LP and Ventas Capital Corp. plan to use the proceeds from a senior notes offering to repay borrowings outstanding under their unsecured revolving credit facility, according to a 424B5 filed with the Securities and Exchange Commission.

As of March 13, $620.2 million was outstanding under the revolver.

Proceeds will also be used for working capital and other general corporate purposes, including the funding of future acquisitions or investments, if any.

Ventas Capital is the issuing subsidiary of Ventas Realty, a real estate investment trust for senior housing and health care properties based in Chicago.

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