NEW YORK: Fitch Ratings has assigned a credit rating of ‘BBB+’ to the following notes issued by Ventas Realty, Limited Partnership (Ventas Realty), a subsidiary of Ventas, Inc. (VTR):
–$600 million aggregate principal amount of 3.50% senior unsecured notes due 2025;
–$300 million aggregate principal amount of 4.375% senior unsecured notes due 2045.
In addition, Fitch has assigned a credit rating of ‘BBB+’ to the following notes issued by Ventas Canada Finance Limited, also a subsidiary of Ventas, Inc.:
–C$250 million aggregate principal amount of 3.30% Series C senior unsecured notes due 2022.
The 2025 notes were issued at 99.663% of par value to yield 3.540% or 160 basis points over the benchmark rate, and the 2045 notes were issued at 99.500% of par value to yield 4.405% or 190 basis points over the benchmark rate. The 2022 notes were issued at 99.992% of par value to yield 3.301% or 182 basis points over the benchmark rate. The notes are guaranteed by Ventas, Inc. on a senior unsecured basis…