06/09/2024 | Press release | Distributed by Public on 06/09/2024 21:17
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Per Note
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Total
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Public offering price(1)
|
| | | | 99.647% | | | | | $ | 548,058,500 | | |
Underwriting discounts
|
| | | | 0.650% | | | | | $ | 3,575,000 | | |
Proceeds, before expenses, to the issuer(1)
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| | | | 98.997% | | | | | $ | 544,483,500 | | |
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Wells Fargo Securities
|
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MUFG
|
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PNC Capital Markets LLC
|
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Truist Securities
|
|
| BBVA | | |
BNP Paribas
|
| |
BNY Capital Markets
|
| |
BofA Securities
|
|
| Citigroup | | |
Credit Agricole CIB
|
| |
J.P. Morgan
|
| |
Mizuho
|
|
|
Morgan Stanley
|
| |
RBC Capital Markets
|
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Scotiabank
|
| |
SMBC Nikko
|
|
| | | |
TD Securities
|
| |
UBS Investment Bank
|
| | | |
| Fifth Third Securities | | |
M&T Securities
|
| |
Loop Capital Markets
|
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Page
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-1 | | |
PROSPECTUS SUPPLEMENT SUMMARY
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| | | | S-2 | | |
THE OFFERING
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| | | | S-4 | | |
RISK FACTORS
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| | | | S-7 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-11 | | |
USE OF PROCEEDS
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| | | | S-14 | | |
CAPITALIZATION
|
| | | | S-15 | | |
DESCRIPTION OF NOTES
|
| | | | S-16 | | |
SUPPLEMENTAL U.S. FEDERAL INCOME TAX CONSIDERATIONS
|
| | | | S-32 | | |
UNDERWRITING
|
| | | | S-33 | | |
LEGAL MATTERS
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| | | | S-38 | | |
EXPERTS | | | | | S-38 | | |
WHERE YOU CAN FIND MORE INFORMATION AND INCORPORATION BY REFERENCE
|
| | | | S-39 | | |
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 2 | | |
|
ABOUT THE REGISTRANTS
|
| | | | 3 | | |
|
RISK FACTORS
|
| | | | 4 | | |
|
USE OF PROCEEDS
|
| | | | 5 | | |
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DESCRIPTION OF VENTAS, INC. COMMON STOCK
|
| | | | 6 | | |
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DESCRIPTION OF VENTAS, INC. PREFERRED STOCK
|
| | | | 8 | | |
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DESCRIPTION OF VENTAS, INC. DEPOSITARY SHARES
|
| | | | 12 | | |
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DESCRIPTION OF VENTAS, INC. WARRANTS
|
| | | | 15 | | |
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DESCRIPTION OF DEBT SECURITIES
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| | | | 16 | | |
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CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS
|
| | | | 27 | | |
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PLAN OF DISTRIBUTION
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| | | | 52 | | |
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VALIDITY OF THE OFFERED SECURITIES
|
| | | | 54 | | |
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EXPERTS
|
| | | | 54 | | |
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WHERE YOU CAN FIND MORE INFORMATION AND INCORPORATION BY REFERENCE
|
| | | | 54 | | |
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As of June 30, 2024
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(dollars in millions)
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Actual
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As Adjusted
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Cash and cash equivalents
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| | | $ | 557.1 | | | | | $ | 1,107.1 | | |
Short-term commercial paper program (debt)
|
| | | | - | | | | | | - | | |
Notes offered hereby(1)
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| | | | - | | | | | | 550.0 | | |
Other long-term debt
|
| | | $ | 13,275.5 | | | | | $ | 13,275.5 | | |
Total long-term debt and short-term commercial paper program
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| | | $ | 13,275.5 | | | | | $ | 13,825.5 | | |
Total Ventas stockholders' equity
|
| | | | 9,619.4 | | | | | | 9,619.4 | | |
Total capitalization
|
| | | $ | 22,894.9 | | | | | $ | 23,444.9 | | |
Underwriters
|
| |
Principal
Amount of Notes |
| |||
Wells Fargo Securities, LLC
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| | | $ | 55,001,000 | | |
MUFG Securities Americas Inc.
|
| | | $ | 55,000,000 | | |
PNC Capital Markets LLC
|
| | | $ | 55,000,000 | | |
Truist Securities, Inc.
|
| | | $ | 55,000,000 | | |
BBVA Securities Inc.
|
| | | $ | 22,000,000 | | |
BNP Paribas Securities Corp.
|
| | | $ | 22,000,000 | | |
BNY Mellon Capital Markets, LLC
|
| | | $ | 22,000,000 | | |
BofA Securities, Inc.
|
| | | $ | 22,000,000 | | |
Citigroup Global Markets Inc.
|
| | | $ | 22,000,000 | | |
Credit Agricole Securities (USA) Inc.
|
| | | $ | 22,000,000 | | |
J.P. Morgan Securities LLC
|
| | | $ | 22,000,000 | | |
Mizuho Securities USA LLC
|
| | | $ | 22,000,000 | | |
Morgan Stanley & Co. LLC
|
| | | $ | 22,000,000 | | |
RBC Capital Markets, LLC
|
| | | $ | 22,000,000 | | |
Scotia Capital (USA) Inc.
|
| | | $ | 22,000,000 | | |
SMBC Nikko Securities America, Inc.
|
| | | $ | 22,000,000 | | |
TD Securities (USA) LLC
|
| | | $ | 22,000,000 | | |
UBS Securities LLC
|
| | | $ | 22,000,000 | | |
Fifth Third Securities, Inc.
|
| | | $ | 7,333,000 | | |
M&T Securities, Inc.
|
| | | $ | 7,333,000 | | |
Loop Capital Markets LLC
|
| | | $ | 7,333,000 | | |
Total
|
| | | $ | 550,000,000 | | |
|
Per note (expressed as a percentage of the principal amount)
|
| | | | 0.650% | | |
|
Total
|
| | | $ | 3,575,000 | | |
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Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 2 | | |
ABOUT THE REGISTRANTS
|
| | | | 3 | | |
RISK FACTORS
|
| | | | 4 | | |
USE OF PROCEEDS
|
| | | | 5 | | |
DESCRIPTION OF VENTAS, INC. COMMON STOCK
|
| | | | 6 | | |
DESCRIPTION OF VENTAS, INC. PREFERRED STOCK
|
| | | | 8 | | |
DESCRIPTION OF VENTAS, INC. DEPOSITARY SHARES
|
| | | | 12 | | |
DESCRIPTION OF VENTAS, INC. WARRANTS
|
| | | | 15 | | |
DESCRIPTION OF DEBT SECURITIES
|
| | | | 16 | | |
CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS
|
| | | | 27 | | |
PLAN OF DISTRIBUTION
|
| | | | 52 | | |
VALIDITY OF THE OFFERED SECURITIES
|
| | | | 54 | | |
EXPERTS
|
| | | | 54 | | |
WHERE YOU CAN FIND MORE INFORMATION AND INCORPORATION BY REFERENCE
|
| | | | 54 | | |
|
Wells Fargo Securities
|
| |
MUFG
|
| |
PNC Capital Markets LLC
|
| |
Truist Securities
|
|
| BBVA | | |
BNP Paribas
|
| |
BNY Capital Markets
|
| |
BofA Securities
|
|
| Citigroup | | |
Credit Agricole CIB
|
| |
J.P. Morgan
|
| |
Mizuho
|
|
|
Morgan Stanley
|
| |
RBC Capital Markets
|
| |
Scotiabank
|
| |
SMBC Nikko
|
|
| | | |
TD Securities
|
| |
UBS Investment Bank
|
| | | |
| Fifth Third Securities | | |
M&T Securities
|
| |
Loop Capital Markets
|
|