Capital Markets

Ventas Canada Financial Limited in its private placement of $650 million of senior unsecured notes

Ventas Canada Financial Limited
Key Contact
Michael Innes

Partner, Chair: Corporate, Toronto

Team
James R. Brown

Partner, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

Arlene Mack

Partner, Financial Services, Toronto

 

On September 17, 2014, Ventas Canada Finance Limited, a wholly owned subsidiary of Ventas, Inc., announced a private placement of 3% senior notes, series A for gross proceeds of $400 million and 4.125% senior notes, series B for gross proceeds of $250 million. At the time of the transaction, this was the largest unsecured offering by a REIT; it also marked the first time that Ventas Canada Finance raised debt capital in the Canadian market.

Osler, Hoskin & Harcourt LLP represented Ventas Canada Finance Limited with a team consisting of Michael Innes, James Brown, Arlene Mack (Corporate), and David Davachi (Taxation).

Value
$650 million
Date Closed
September 17, 2014
Lead Office
Toronto
Key Contact
Michael Innes

Partner, Chair: Corporate, Toronto

Team
James R. Brown

Partner, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

Arlene Mack

Partner, Financial Services, Toronto