Ventas Canada Financial Limited

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

Client

Ventas Canada Financial Limited

Value

$650 million

Service

Capital Markets

Date Closed

September 2014

Industry

REITs

Lead Office

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).


Team
Michael  Innes
Key Contact

Michael Innes

Partner, Corporate

James R. Brown | Mining lawyer

James R. Brown

Partner, Corporate

Arlene Mack

Arlene Mack

Associate, Financial Services

David Davachi

David Davachi

Partner, Taxation