To raise the money, Ventas is offering 8.5 million shares of common stock and $200 million of senior notes due in 2016. Additionally, the REIT plans to offer its underwriters an additional 1.3 million shares of common stock to cover overallotments.
Any additional capital raised in this period will be used to repay debt as possibly for future purchases and investments, according to the release.
According to a release on the offer, Merrill Lynch & Co., Citi and UBS Investment Bank will act as joint book-running managers for the common stock offering.
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