Sunday, July 3, 2011

Ventas to offer 8.5 million shares, $200 million in senior notes - Business First of Louisville:

http://www.clickbanner-ex.com/html/cat16.html
million shares of its common stockand $200 millioh of senior notes to fund the company’sx cash tender offer of up to $310 millionj to purchase some outstanding senior notes. Any leftover proceedws will be used for workiny capital and torepay debt. It also mighyt be used to fund future purchasesand investments, the real estatd investment trust said in a news Merrill Lynch & Co., and will servee as joint book-running managers for the stock offering, according to the Ventas (NYSE: VTR) expects to grant underwriters up to an additional 1.3 millionh shares of common stock to covef overallotments, according to the release.
The $200 million in senior notezs the company plans to offere will be duein 2016. They will be issuedf by the Ventas’ operating partnership, Ventas Realtu LP, and Ventas Capital Corp., a Ventas , and are acting as the dealet managers for thetender offers. More information abour the offerings can be foundat .

No comments:

Post a Comment