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Stock impact report

Ventas Closes Extended and Improved $2.75 Billion Unsecured Credit Facility [Yahoo! Finance]

Ventas, Inc. (VTR) 
Last ventas, inc. earnings: 2/20 07:11 am Check Earnings Report
US:NYSE Investor Relations: ventasreit.com/investor-relations
Company Research Source: Yahoo! Finance
improved $2.75 billion unsecured revolving credit facility (the "Credit Facility"). The maturity date of the Credit Facility was extended to April 2028 and pricing was improved by five basis points compared to Ventas's previous unsecured revolving credit facility. "The successful closing of our credit facility further strengthens our liquidity, extends our debt maturities and lowers our borrowing costs," said Robert F. Probst, Ventas Executive Vice President and Chief Financial Officer. "The facility's significant oversubscription underscores our portfolio's advantaged position with durable demographic demand and our strong business outlook amid an unprecedented multiyear growth opportunity in senior housing. We appreciate the support of our valued banking partners and their confidence in our business." At closing, the new Credit Facility was substantially undrawn, providing the Company with nearly $2.75 billion of available borrowing capacity. The Credit Facility is initially p Show less Read more
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