Ventas Realty has established an unsecured commercial paper note program in the United States, the company announced.
This will allow it to issue unsecured commercial paper notes up to a maximum aggregate amount of $1 billion at any time. The notes will be fully and unconditionally guaranteed by Ventas, with proceeds used for general corporate purposes.
Unsecured notes are loans not secured by the issuer’s assets, similar to debt but with a higher rate of return.
