8-KOther EventsExhibits & Filings

WELLTOWER INC. 8-K Report, Corporate Update (May 27, 2015)

Filed May 27, 2015For Securities:WELL

Summary

This 8-K filing by Health Care REIT, Inc. (now Welltower Inc.) announces the successful issuance of $750,000,000 in aggregate principal amount of 4.000% notes due in 2025. This offering was conducted under an automatic shelf registration statement previously filed with the SEC, indicating a routine capital markets transaction for the company. The notes will mature on June 1, 2025, and pay semi-annual interest, with the first payment due on December 1, 2015. For investors, this report signals the company's proactive management of its capital structure. The issuance of long-term debt at a fixed rate of 4.000% suggests management's strategy to secure funding for operations and potential growth initiatives at a favorable cost. This action is crucial for maintaining financial flexibility and supporting the company's real estate portfolio in the healthcare sector.

Key Highlights

  • 1Health Care REIT, Inc. issued $750 million in 4.000% senior notes due June 1, 2025.
  • 2The debt issuance was completed on May 26, 2015.
  • 3The notes are governed by an Indenture dated March 15, 2010, as amended by Supplemental Indenture No. 11.
  • 4Interest on the notes is payable semi-annually at a fixed rate of 4.000% per annum.
  • 5The offering was made under an existing automatic shelf registration statement (Form S-3).
  • 6The filing includes the Supplemental Indenture and the form of the Global Note as exhibits.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the material event of Health Care REIT, Inc. issuing $750 million of 4.000% senior notes due 2025.

The new notes mature on June 1, 2025, and carry a fixed interest rate of 4.000% per year, payable semi-annually.

This debt issuance provides the company with additional capital, likely for general corporate purposes, acquisitions, or refinancing existing debt. The fixed interest rate offers certainty regarding interest expenses and hedges against potential future increases in borrowing costs.

This offering was made under an existing automatic shelf registration statement previously filed with the SEC on Form S-3, indicating it was a follow-on offering.