The company said its indirect subsidiary, Ventas Canada Finance Limited, priced a private offering in Canada of Cdn$650 million of 5.10% Senior Notes, Series J due 2029, on February 29, 2024.

1. 01

   The company said its indirect subsidiary, Ventas Canada Finance Limited, priced a private offering in Canada of Cdn$650 million of 5.10% Senior Notes, Series J due 2029, on February 29, 2024.

2. 02

   The company said the sale of the notes is expected to close on March 5, 2024, subject to customary closing conditions. The notes are guaranteed on a senior unsecured basis by the company and will mature on March 5, 2029.

3. 03

   The company said Ventas Canada expects to use the net proceeds to repay existing debt, including under its Cdn$500 million unsecured term loan facility, and for general corporate purposes. General corporate purposes may include acquisitions of, or investments in, additional properties and businesses.

4. 04

   The company said interest on the notes will be paid semi-annually in arrears on March 5 and September 5, with the first payment due on September 5, 2024. It said the notes are expected to be rated S&P BBB+ (Stable), Moody's Baa1 (Stable) and Fitch BBB (Stable).

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Original filing

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