Ventas, Inc. Completes Common Stock Offering, Notes Offering and Cash Tender Offer

Cahill represented Merrill Lynch & Co., Citi and UBS Investment Bank as joint book-running managers and underwriters in connection with a public offering by Ventas, Inc. of 12,750,000 shares of its common stock, resulting in gross proceeds of approximately $305 million. The underwriters were granted an option to purchase up to an additional 1,912,500 shares to cover over-allotments, which the underwriters exercised in part.

Cahill also represented Banc of America Securities LLC, Citi and UBS Investment Bank as joint book-running managers and underwriters in connection with a public offering by Ventas Realty, Limited Partnership and Ventas Capital Corporation (together, the "Issuers") of $200 million of their 6-1/2% Senior Notes due 2016. Proceeds from the offerings were used to finance Ventas's cash tender offers for the Issuers' outstanding 6-3/4% Senior Notes due 2010, 9% Senior Notes due 2012, 6-5/8% Senior Notes due 2014 and 7-1/8% Senior Notes due 2015. Cahill represented Banc of America Securities LLC, BMO Capital Markets and KeyBanc Capital Markets as Dealer Managers in the tender offers.