Ventas $500 million senior notes offering
We advised Ventas on its investment-grade debt offering
Davis Polk advised Ventas, Inc. in connection with an SEC-registered debt offering of $500 million aggregate principal amount of 5.000% senior notes due 2036 by Ventas Realty, Limited Partnership, a wholly owned subsidiary of Ventas, Inc. The notes are guaranteed by Ventas, Inc. on a senior unsecured basis.
Ventas is a leading S&P 500 real estate investment trust enabling exceptional environments that benefit a large and growing aging population. With approximately 1,400 properties across North America and the United Kingdom, Ventas occupies an essential role in the longevity economy. Its growth is fueled by roughly 850 senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments. The company’s portfolio also includes outpatient medical buildings, research centers and healthcare facilities.
The Davis Polk capital markets team included partner Richard D. Truesdell Jr., counsel John H. Runne and associates Megan P. Phansalkar and Jean (Jean Young) Koo. The tax team included partner Michael Mollerus and associate Yueyu Yang. Associates Caleb Beavers and Alex Brod provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.