01—Abstract
Summary
Summary of the 8-K filed January 7, 2026. Cited figures are marked; the original filing is the authoritative source.
Ventas, Inc. (VTR) disclosed in this Form 8-K, dated January 7, 2026, that its operating partnership, Ventas Realty, Limited Partnership, entered into a Second Amendment to its Credit and Guaranty Agreement dated June 27, 2022, with Bank of America, N.A. as administrative agent.
The Company, as guarantor, joined the amendment with the lenders identified in the agreement. The amendment increases the existing unsecured term loan facility from $500 million to $700 milliona and establishes a new unsecured delayed draw term loan facility with a principal amount of $550 million. The filing states that aggregate borrowing capacity under the credit agreement may be increased, at the Borrower's option, to up to $1.75 billion, subject to conditions in the agreement, including receipt of additional commitments.
The amendment also makes certain technical changes. Proceeds from the term loan increase will be used to repay in full all outstanding indebtedness under the separate Credit and Guaranty Agreement dated September 6, 2023.
After that repayment, the 2023 Credit Agreement and the Company's guarantee under it will terminate. The filing incorporates the amendment's disclosure under Item 2.03 as a direct financial obligation.
02—Key points
Key Highlights
- Term loan facility increased from $500 million to $700 million under the amended June 27, 2022 Credit and Guaranty Agreement.
- New unsecured delayed draw term loan facility established with a principal amount of $550 million.
- Aggregate borrowing capacity may be increased at the Borrower's option to up to $1.75 billion, subject to conditions including additional lender commitments.
- Term loan proceeds will repay in full all outstanding indebtedness under the September 6, 2023 Credit and Guaranty Agreement, which will then terminate along with the Company's guarantee.
- The Company, as guarantor, and Ventas Realty, Limited Partnership, as borrower, are parties to the amendment with Bank of America, N.A. as administrative agent.
- Filing includes Exhibit 10.1, the Second Amendment, with certain schedules and exhibits omitted under Item 601(a)(5) of Regulation S-K, and Exhibit 104 cover page XBRL data.
03—Questions
Frequently Asked Questions
What did Ventas change in its credit facility?
The Second Amendment increases the unsecured term loan facility from $500 million to $700 million and establishes a new $550 million unsecured delayed draw term loan facility.
What is the maximum borrowing capacity under the amended credit agreement?
The filing states that aggregate borrowing capacity may be increased, at the Borrower's option, to up to $1.75 billion, subject to conditions in the credit agreement, including receipt of additional commitments.
What will the new term loan proceeds be used for?
The proceeds from the term loan increase will be applied to repay in full all outstanding indebtedness under the Credit and Guaranty Agreement dated September 6, 2023.
What happens to the 2023 Credit Agreement?
After the repayment, the 2023 Credit Agreement and the guarantee provided by the Company under it will be terminated.
Who are the parties to the amended agreement?
The parties are Ventas Realty, Limited Partnership as Borrower, Ventas, Inc. as guarantor, the lenders identified in the agreement, and Bank of America, N.A. as administrative agent.
04—Continue