Dec 23 2009
Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) said today that it
closed on a commitment for $50 million of additional credit capacity
under the Company’s Revolving Credit Facilities to mature in 2012. The
additional commitment comes from a financial institution that will join
the Company’s bank group as a new lender.
“We continue to build liquidity and financial flexibility to serve our
stakeholders’ interests”
“We continue to build liquidity and financial flexibility to serve our
stakeholders’ interests,” Ventas Chairman, President and Chief Executive
Officer Debra A. Cafaro said. “We appreciate the strong support Ventas
has received from our existing bank group and new lenders. Their
investment in our business will enable Ventas to grow and remain
financially strong.”
Upon closing of the additional commitment, the Company’s Revolving
Credit Facilities were expanded to $1.0 billion. The first portion of
the Revolving Credit Facilities, maturing April 26, 2012, contains $765
million of borrowing capacity, and the second portion of the Revolving
Credit Facilities, maturing April 26, 2010, contains $232 million of
borrowing capacity.
http://www.ventasreit.com/