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Ventas, Inc. Completes $700 Million Preferred Stock Placement and $530 Million Senior Interim Loan Facility for Acquisition of Sunrise REIT


Date: 04/26/07

Cahill represented Merrill Lynch, Pierce Fenner & Smith Incorporated, Citigroup Global Markets Inc. and other purchasers in connection with the issuance by Ventas, Inc. of $700 million of its Series A Senior Preferred Stock.

Cahill also represented Merrill Lynch Capital Corporation as Administrative Agent, Citigroup Global Markets Inc. as Syndication Agent, and Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc. as Joint Lead Arrangers and Joint Book Runners in connection with a $530 million Senior Interim Loan Facility entered into by Ventas Realty, LP. The proceeds from the issuance of the Series A Senior Preferred Stock and the borrowings under the interim loan facility were used to fund a portion of the acquisition of Sunrise Senior Living Real Estate Investment Trust by Ventas, Inc.

Related Attorneys: William M. Hartnett, Ann S. Makich,

Related Practice: Corporate