Ventas said on April 24, 2024 that its Ventas Realty unit and other borrowing subsidiaries entered into a Fourth Amended and Restated Credit and Guaranty Agreement, which provides an unsecured revolving credit facility of $2.75 billion.

1. 01

   Ventas said on April 24, 2024 that its Ventas Realty unit and other borrowing subsidiaries entered into a Fourth Amended and Restated Credit and Guaranty Agreement, which provides an unsecured revolving credit facility of $2.75 billion.

2. 02

   The company said the new agreement replaces its existing $2.75 billion unsecured revolving credit facility, dated January 29, 2021. At the borrowers’ option, the total borrowing capacity may be increased up to $3.75 billion, subject to certain conditions, including securing additional commitments.

3. 03

   The company said the applicable spread under the Debt Ratings is 0.775% for SOFR rate loans and 0.00% for base rate loans, and the facility fee is 15 basis points. Sublimits include up to $200 million for letters of credit and up to $1.0 billion for loans in certain alternative currencies and multicurrency loans.

4. 04

   The company said the facility matures on April 24, 2028 and may be extended at the borrowers' option for up to two additional periods of 6 months each, subject to conditions. The agreement includes customary restrictive covenants and events of default.

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