Summary
Health Care REIT, Inc. (now known as Welltower Inc.) announced the successful sale of $600 million in aggregate principal amount of 4.125% Notes due 2019 on April 3, 2012. These notes were issued under an existing automatic shelf registration statement, indicating a pre-established framework for capital raising. The issuance of these notes suggests the company is actively managing its capital structure and likely funding strategic initiatives or operational needs within its healthcare real estate portfolio. Investors should note the interest rate of 4.125%, payable semi-annually, and the maturity date of April 1, 2019. This debt offering provides the company with significant capital while establishing a clear repayment obligation. The company's ability to access public debt markets efficiently, as evidenced by this transaction, is a positive signal regarding its financial standing and access to capital at a competitive rate during that period.
Key Highlights
- 1Health Care REIT, Inc. (WELL) issued $600 million in aggregate principal amount of 4.125% Notes due 2019.
- 2The debt offering occurred on April 3, 2012.
- 3The notes were sold pursuant to an automatic shelf registration statement (Form S-3), indicating pre-filed authorization for securities issuance.
- 4The notes bear a fixed interest rate of 4.125% per annum.
- 5Interest payments are scheduled semi-annually on April 1 and October 1, with the first payment on October 1, 2012.
- 6The notes mature on April 1, 2019.
- 7The issuance was governed by an Indenture dated March 15, 2010, and supplemented by Supplemental Indenture No. 6 dated April 3, 2012.