Company Receives Net Proceeds of $191.9 Million
LOUISVILLE, Ky., Feb. 1 /PRNewswire-FirstCall/ -- Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") announced today that it has completed the sale of 4,485,000 shares of its common stock pursuant to the Company's existing shelf registration statement. The amount includes 585,000 shares of common stock that were sold pursuant to the exercise of the underwriter's overallotment option. The Company received net proceeds, before expenses, of $191.9 million, which the Company will use to repay indebtedness outstanding under its revolving credit facility and for working capital and other general corporate purposes, including to fund future acquisitions. As previously announced, the shares were sold to UBS Investment Bank, as sole underwriter, at a price of $42.78 per share.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Ventas, Inc. is a leading healthcare real estate investment trust. Its diverse portfolio of properties located in 43 states and two Canadian provinces includes seniors housing communities, skilled nursing facilities, hospitals and medical office and other properties.
This press release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements regarding Ventas, Inc.'s ("Ventas" or the "Company") and its
subsidiaries' expected future financial position, results of operations,
cash flows, funds from operations, dividends and dividend plans, financing
plans, business strategy, budgets, projected costs, capital expenditures,
competitive positions, acquisitions, investment
|SOURCE Ventas, Inc.|
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