Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

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

Date: 05/05/09

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.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com