8-K 1 a19-12323_18k.htm 8-K

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported):  July 3, 2019

 

VENTAS, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

 

1-10989

 

61-1055020

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

353 N. Clark Street, Suite 3300, Chicago, Illinois

 

60654

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (877) 483-6827

 

Not applicable

Former Name or Former Address, if Changed Since Last Report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which
registered

Common stock, $0.25 par value

 

VTR

 

New York Stock Exchange

 

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 


 

Item 8.01              Other Events.

 

Closing of the Offering of 2.650% Senior Notes due 2025

 

On July 3, 2019, Ventas Realty, Limited Partnership (“Ventas Realty”), a wholly owned subsidiary of Ventas, Inc. (the “Company”), issued and sold $450 million in aggregate principal amount of its 2.650% Senior Notes due 2025 (the “Notes”) in a registered public offering pursuant to the existing Registration Statement of the Company and Ventas Realty on Form S-3 (File Nos. 333-222998 and 333-222998-01) filed under the Securities Act of 1933, as amended. The Notes are guaranteed by the Company on a senior unsecured basis.

 

The Notes were sold pursuant to an Underwriting Agreement, dated June 24, 2019 (the “Underwriting Agreement”), among Ventas Realty, the Company and the underwriters named therein. The Notes were issued under an indenture, dated February 23, 2018 (the “Base Indenture”), as supplemented by a fourth supplemental indenture, dated July 3, 2019 (the “Fourth Supplemental Indenture”), among Ventas Realty, the Company and U.S. Bank National Association, as trustee.

 

The Underwriting Agreement, the Base Indenture and the Fourth Supplemental Indenture are filed as Exhibits 1.1, 4.1 and 4.2, respectively, and are each incorporated herein by reference.

 

Results of Tender Offer for 2.700% Senior Notes due 2020

 

On July 1, 2019, the Company announced the results of the previously announced cash tender offer (the “Tender Offer”) by Ventas Realty and Ventas Capital Corporation (“Ventas Capital” and, together with Ventas Realty, the “Issuers”) for any and all of the outstanding $500 million in aggregate principal amount of 2.700% Senior Notes due 2020 (the “Tender Offer Notes”), which were jointly issued by the Issuers and are fully and unconditionally guaranteed by the Company. The Tender Offer expired at 5:00 p.m., New York City time, on June 28, 2019. A copy of the press release, dated July 1, 2019, announcing the results of the Tender Offer is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

 

Following the conclusion of the guaranteed delivery procedures described in the offer to purchase relating to the Tender Offer, on July 3, 2019 the Issuers accepted for payment a total of $397,052,000 aggregate principal amount of Tender Offer Notes, or 79.41% of the aggregate principal amount of Tender Offer Notes outstanding.

 

Item 9.01.             Financial Statements and Exhibits.

 

(d)         Exhibits:

 

Exhibit
Number

 

Description

1.1

 

Underwriting Agreement, dated June 24, 2019, among Ventas Realty, Limited Partnership, Ventas, Inc. and the Underwriters named therein, relating to the 2.650% Senior Notes due 2025.

 

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4.1

 

Indenture, dated February 23, 2018, among Ventas Realty, Limited Partnership, Ventas, Inc., the Guarantors named therein and U.S. Bank National Association, as Trustee (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on February 23, 2018).

 

 

 

4.2

 

Fourth Supplemental Indenture, dated July 3, 2019, among Ventas Realty, Limited Partnership, as Issuer, Ventas, Inc., as Guarantor, and U.S. Bank National Association, as Trustee (including the form of the 2.650% Senior Notes due 2025).

 

 

 

5.1

 

Opinion of Latham & Watkins LLP.

 

 

 

23.1

 

Consent of Latham & Watkins LLP (included in their opinion filed as Exhibit 5.1).

 

 

 

99.1

 

Press release, dated July 1, 2019, announcing the results of the Tender Offer.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

VENTAS, INC.

 

 

 

 

 

 

Date: July 3, 2019

 

By:

/s/ T. Richard Riney

 

 

 

T. Richard Riney

 

 

 

Executive Vice President, Chief Administrative Officer, General Counsel and Ethics and Compliance Officer

 

 

[Signature Page to Closing 8-K]

 

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