Ventas (VTR) prices C$900 million senior notes offering.
Ventas, Inc. (VTR) announced today that it had priced a private offering of C$600 million 2.80% senior notes due 2024 and C$300 million floating rate senior notes due 2021. The company said the sale of the notes is expected to close on November 12, 2019. The issuance of bonds denominated in Canadian dollars follows VTR's recent investment in a portfolio of 29 senior housing properties located in Quebec and operated by Le Groupe Maurice.
A member of the S&P 500, Ventas has a current enterprise value of approximately $39 billion supported by a diversified portfolio of 1,218 properties located in the United States, Canada, and the United Kingdom.