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The Associated Press November 8, 2010, 2:06PM ET

Ventas to offer senior notes due 2015

Ventas Inc. said Monday it plans to offer senior notes due 2015 in a bid to raise funds to repay debt under its unsecured revolving credit line.

The real estate investment trust didn't specify the size of the notes offering.

The notes will be issued by its operating partnership, Ventas Realty LP and subsidiary Ventas Capital Corp.

BofA Merrill Lynch, Barclays Capital Inc., and Citi will be joint book-running managers for the offering.

Ventas shares added 15 cents to $55.25 in afternoon trading.

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