Ventas, Inc. announced that it closed an extended and improved $2.75 billion unsecured revolving credit facility (Credit facility). The maturity date of the credit facility was extended to April 2028 and pricing was improved by five basis points compared to it's previous unsecured revolving credit facility. At closing, the new credit facility was substantially undrawn, providing the company with nearly $2.75 billion of available borrowing capacity.

The credit facility is initially priced at 77.5 basis points over SOFR, based on the company?s debt ratings. The maturity date of the credit facility can be extended for an additional year to April 2029 at the company?s option, subject to the satisfaction of certain conditions. The credit facility also includes a $1 billion ?accordion feature?

that permits the company to expand its borrowing capacity to a total of $3.75 billion. BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC were the joint bookrunners for the Credit Facility. Bank of America, N.A. is serving as the Administrative Agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A. acted as the Syndication Agents.