8-KOther EventsExhibits & Filings

WELLTOWER INC. 8-K Report, Corporate Update (Dec 16, 2019)

Filed December 16, 2019For Securities:WELL

Summary

Welltower Inc. (WELL) announced the issuance of $500 million in aggregate principal amount of 2.700% senior notes due 2027. This offering was conducted under an automatic shelf registration statement, with Wells Fargo Securities, Credit Agricole Securities (USA) Inc., and Deutsche Bank Securities Inc. acting as underwriters. The proceeds from these notes are earmarked for a portfolio of eligible green projects, showcasing the company's commitment to sustainable investments. Pending the allocation to green projects, the net proceeds will temporarily be used to reduce outstanding debt under the company's unsecured credit facility. This strategic move diversifies Welltower's funding sources and strengthens its balance sheet. Investors should note the fixed 2.700% interest rate and the maturity date of February 15, 2027, providing a clear picture of the debt obligation.

Key Highlights

  • 1Welltower Inc. successfully issued $500 million in aggregate principal amount of 2.700% senior notes due 2027.
  • 2The notes mature on February 15, 2027, providing a fixed-term debt obligation.
  • 3Proceeds are designated for a portfolio of eligible green projects, aligning with sustainability initiatives.
  • 4Net proceeds will initially be used to repay advances under the company's unsecured credit facility, enhancing liquidity.
  • 5The issuance was made under an automatic shelf registration statement, indicating pre-approved financing capacity.
  • 6Key underwriters included Wells Fargo Securities, Credit Agricole Securities (USA) Inc., and Deutsche Bank Securities Inc.

Frequently Asked Questions

Welltower Inc. issued $500,000,000 in aggregate principal amount of notes with a fixed interest rate of 2.700% per year.

The notes mature on February 15, 2027.

An amount equal to the net proceeds will be allocated to a portfolio of eligible green projects. Pending this allocation, the proceeds will be used to repay advances under the company's unsecured credit facility.

This indicates Welltower's commitment to environmental sustainability and potentially accessing a growing market for green financing, which can be attractive to ESG-focused investors.