Ventas Announces Pricing of Senior Notes Offering

Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today that its wholly owned subsidiary, Ventas Realty, Limited Partnership (“Ventas Realty”), has priced an underwritten public offering of $550 million aggregate principal amount of 5.000% Senior Notes due 2035 (the “Notes”) at an issue price equal to 99.647% of the principal amount of the Notes. The Notes will be senior unsecured obligations of Ventas Realty and will be fully and unconditionally guaranteed by the Company and will mature on January 15, 2035. The sale of the Notes is expected to close on September 9, 2024, subject to the satisfaction of customary closing conditions.

The Company intends to use the proceeds from the offering of the Notes for general corporate purposes, which may include repayment of other indebtedness (such as Ventas Realty’s 2.650% Senior Notes due 2025), or any other general corporate purposes the Company may deem necessary or advisable, and to pay fees and expenses related to the offering of the Notes.

Wells Fargo Securities, LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC and Truist Securities, Inc. are acting as joint book-running managers for the offering of the Notes.

The Company and Ventas Realty have filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the Securities and Exchange Commission (the “SEC”) for the offering of the Notes to which this communication relates. Before you invest, you should read the preliminary prospectus supplement, the accompanying prospectus in that registration statement and the other documents the Company and Ventas Realty have filed with the SEC for more complete information about the Company, Ventas Realty and this offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, the Company, Ventas Realty, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and the accompanying prospectus if you request it by contacting: Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service or by calling toll free at 1-800-645-3751 or by emailing: [e-mail]; MUFG Securities Americas Inc., toll free at 1-877-649-6848; PNC Capital Markets LLC, toll-free at 855-881-0697 or by email: [e-mail]; or Truist Securities, Inc. at 1-800-685-4786.