v3.2.0.727

SENIOR NOTES PAYABLE AND OTHER DEBT | 6 Months Ended
--- | ---
Jun. 30, 2015
Debt Disclosure [Abstract] |
SENIOR NOTES PAYABLE AND OTHER DEBT | SENIOR NOTES PAYABLE AND OTHER DEBT The following is a summary of our senior notes payable and other debt as of June 30, 2015 and December 31, 2014:
| June 30, 2015 |  | December 31, 2014
| (In thousands)
Unsecured revolving credit facility (1) | $ | 583,765 |  |  | $ | 919,099 |
3.125% Senior Notes due 2015 | 400,000 |  |  | 400,000 |
6% Senior Notes due 2015 | — |  |  | 234,420 |
1.55% Senior Notes due 2016 | 550,000 |  |  | 550,000 |
1.250% Senior Notes due 2017 | 300,000 |  |  | 300,000 |
2.00% Senior Notes due 2018 | 700,000 |  |  | 700,000 |
Unsecured term loan due 2018 (3) | 200,000 |  |  | 200,000 |
Unsecured term loan due 2019 (3) | 783,146 |  |  | 790,634 |
4.00% Senior Notes due 2019 | 600,000 |  |  | 600,000 |
3.00% Senior Notes, Series A due 2019 (2) | 320,128 |  |  | 344,204 |
2.700% Senior Notes due 2020 | 500,000 |  |  | 500,000 |
4.750% Senior Notes due 2021 | 700,000 |  |  | 700,000 |
4.25% Senior Notes due 2022 | 600,000 |  |  | 600,000 |
3.25% Senior Notes due 2022 | 500,000 |  |  | 500,000 |
3.300% Senior Notes due 2022 (2) | 200,080 |  |  | — |
3.750% Senior Notes due 2024 | 400,000 |  |  | 400,000 |
4.125% Senior Notes, Series B due 2024 (2) | 200,080 |  |  | 215,128 |
3.500% Senior Note due 2025 | 600,000 |  |  | — |
6.90% Senior Notes due 2037 | 52,400 |  |  | 52,400 |
6.59% Senior Notes due 2038 | 22,973 |  |  | 22,973 |
5.45% Senior Notes due 2043 | 258,750 |  |  | 258,750 |
5.70% Senior Notes due 2043 | 300,000 |  |  | 300,000 |
4.375% Senior Notes due 2045 | 300,000 |  |  | — |
Mortgage loans and other (4) | 2,420,951 |  |  | 2,284,763 |
Total | 11,492,273 |  |  | 10,872,371 |
Unamortized fair value adjustment | 42,770 |  |  | 41,853 |
Unamortized discounts | (27,182 | ) |  | (26,132 | )
Senior notes payable and other debt | $ | 11,507,861 |  |  | $ | 10,888,092 |
(1) | $11.8 million and $164.1 million of aggregate borrowings were in the form of Canadian dollars as of June 30, 2015 and December 31, 2014, respectively.
(2) | These borrowings are in the form of Canadian dollars.
(3) | These amounts represent in aggregate the approximate $1.0 billion of unsecured term loan borrowings under our unsecured credit facility, of which $99.6 million included in the 2019 tranche is in the form of Canadian dollars.
(4) | 2015 excludes debt related to real estate assets classified as held for sale as of June 30, 2015. The total mortgage debt for these properties as of June 30, 2015 was $33.2 million and is included in accounts payable and other liabilities on our Consolidated Balance Sheet. 2014 excludes debt related to real estate assets classified as held for sale as of December 31, 2014. The total mortgage debt for these properties as of December 31, 2014 was $43.5 million and was included in accounts payable and other liabilities on our Consolidated Balance Sheet.
As of June 30, 2015, our indebtedness had the following maturities:
| Principal Amount Due at Maturity |  | Unsecured Revolving Credit Facility (1) |  | Scheduled Periodic Amortization |  | Total Maturities
| (In thousands)
2015 | $ | 467,218 |  |  | $ | — |  |  | $ | 22,226 |  |  | $ | 489,444 |
2016 | 861,817 |  |  | — |  |  | 39,052 |  |  | 900,869 |
2017 | 822,764 |  |  | — |  |  | 29,564 |  |  | 852,328 |
2018 | 1,101,879 |  |  | 583,765 |  |  | 23,581 |  |  | 1,709,225 |
2019 | 2,260,305 |  |  | — |  |  | 15,910 |  |  | 2,276,215 |
Thereafter (2) | 5,109,516 |  |  | — |  |  | 154,676 |  |  | 5,264,192 |
Total maturities | $ | 10,623,499 |  |  | $ | 583,765 |  |  | $ | 285,009 |  |  | $ | 11,492,273 |
(1) | As of June 30, 2015, we had $60.5 million of unrestricted cash and cash equivalents and $124.3 million of cash held in an Internal Revenue Code Section 1031 exchange escrow account with a qualified intermediary, for $399.0 million of net borrowings outstanding under our unsecured revolving credit facility.
(2) | Includes $52.4 million aggregate principal amount of our 6.90% senior notes due 2037 that is subject to repurchase, at the option of the holders, on October 1 in each of 2017 and 2027, and $23.0 million aggregate principal amount of 6.59% senior notes due 2038 that is subject to repurchase, at the option of the holders, on July 7 in each of 2018, 2023 and 2028.
Unsecured Revolving Credit Facility and Unsecured Term Loans Our unsecured credit facility is comprised of a $2.0 billion revolving credit facility priced at LIBOR plus 1.0% as of June 30, 2015, and a $200.0 million four-year term loan and an $800.0 million five-year term loan, each priced at LIBOR plus 1.05% as of June 30, 2015. The revolving credit facility matures in January 2018, but may be extended, at our option subject to the satisfaction of certain conditions, for an additional period of one year. The $200.0 million and $800.0 million term loans mature in January 2018 and January 2019, respectively. The unsecured credit facility also includes an accordion feature that permits us to increase our aggregate borrowing capacity thereunder to up to $3.5 billion. As of June 30, 2015, we had $583.8 million of borrowings outstanding, $14.9 million of letters of credit outstanding and $1.4 billion of unused borrowing capacity available under our unsecured revolving credit facility. Senior Notes In January 2015, we issued and sold $600.0 million aggregate principal amount of 3.500% senior notes due 2025 at a public offering price equal to 99.663% of par, for total proceeds of $598.0 million before the underwriting discount and expenses, and $300.0 million aggregate principal amount of 4.375% senior notes due 2045 at a public offering price equal to 99.500% of par, for total proceeds of $298.5 million before the underwriting discount and expenses. Also in January 2015, Ventas Canada Finance Limited issued and sold CAD 250.0 million aggregate principal amount of 3.30% senior notes, series C due 2022 at an offering price equal to 99.992% of par, for total proceeds of CAD 250.0 million before the agent fees and expenses. The notes were offered on a private placement basis in Canada. In May 2015, we repaid in full, at par, $234.4 million aggregate principal amount then outstanding of our 6% senior notes due 2015 upon maturity. In July 2015, we issued and sold $500.0 million aggregate principal amount of 4.125% senior notes due 2026 at a public offering price equal to 99.218% of par, for total proceeds of $496.1 million before the underwriting discount and expenses.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration