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OFFON

VENTAS, INC.

(VTR)
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Ventas, Inc. Prices CAD 775 Million of 2.45% Senior Notes Due 2027 and 3.30% Senior Notes Due 2031

11/16/2021 | 09:29am EST

Ventas, Inc. has priced a private offering in Canada of CAD 475 million of 2.45% Senior Notes, Series G due 2027 (the ?2027 Notes?) and CAD 300 million of 3.30% Senior Notes, Series H due 2031 (the ?2031 Notes?, and together with the 2027 Notes, the ?Notes?). The sale of the Notes is expected to close on December 1, 2021. The Notes are being issued by company indirect, wholly-owned subsidiary, Ventas Canada Finance Limited (the ?Issuer?), on a prospectus-exempt basis only to accredited investors who are not individuals unless such individuals are also permitted clients, in each case as defined under applicable Canadian securities laws. The Notes will be unconditionally guaranteed by the Company (the ?Guarantees?). The 2027 Notes will mature on January 4, 2027 and the 2031 Notes will mature on December 1, 2031. The Notes will constitute senior unsecured obligations of the Issuer and will rank equally with all other present and future unsecured and unsubordinated obligations of the Issuer. The Guarantees will constitute senior unsecured obligations of the Guarantor and will rank equally with all other present and future unsecured and unsubordinated obligations of the Company. Interest on the 2027 Notes will be payable semi-annually in arrears on January 4 and July 4 of each year, commencing on July 4, 2022. Interest on the 2031 Notes will be payable semi-annually in arrears on June 1 and December 1 of each year, commencing on June 1, 2022. The Company expects to use a portion of the net proceeds from the sale of the Notes to fund the redemption of the Issuer?s 3.30% Senior Notes, Series C due 2022, which will be early-redeemed on December 8, 2021. The remaining net proceeds are expected to be used for general corporate purposes, which may include repayment of a portion of existing indebtedness of the company.


© S&P Capital IQ 2021
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Analyst Recommendations on VENTAS, INC.
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Financials (USD)
Sales 2021 3 736 M - -
Net income 2021 75,3 M - -
Net Debt 2021 12 173 M - -
P/E ratio 2021 261x
Yield 2021 3,40%
Capitalization 21 128 M 21 128 M -
EV / Sales 2021 8,91x
EV / Sales 2022 8,29x
Nbr of Employees 448
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 52,93 $
Average target price 60,48 $
Spread / Average Target 14,3%
EPS Revisions
Managers and Directors
Debra A. Cafaro Chairman & Chief Executive Officer
Robert F. Probst Chief Financial Officer & Executive Vice President
Bhavana Devulapally Chief Information Officer & Senior Vice President
Carey S. Roberts EVP, Compliance Officer & General Counsel
John D. Cobb Chief Investment Officer & Executive VP
Sector and Competitors