8-KOther EventsExhibits & Filings

WELLTOWER INC. 8-K Report, Corporate Update (Nov 19, 2021)

Filed November 19, 2021For Securities:WELL

Summary

Welltower Inc. (WELL) announced the successful issuance of $500 million in aggregate principal amount of 2.750% Notes due 2032. This debt offering was conducted under the company's existing automatic shelf registration statement. The net proceeds from this issuance are earmarked for general corporate purposes, which include repaying existing debt and funding investments in healthcare and seniors housing properties. This strategic move demonstrates Welltower's proactive approach to managing its capital structure and supporting its growth initiatives in key real estate sectors. Investors should note the details of the new notes, including the fixed interest rate of 2.750% per annum, payable semi-annually, and the maturity date of January 15, 2032. The offering was facilitated through a customary underwriting agreement with Wells Fargo Securities, J.P. Morgan Securities, and Mizuho Securities USA as representatives. The issuance is governed by an established indenture, supplemented by a new supplemental indenture specific to these notes.

Key Highlights

  • 1Welltower Inc. successfully issued $500 million in aggregate principal amount of 2.750% Notes due 2032.
  • 2Proceeds will be used for general corporate purposes, including debt repayment and investments in healthcare and seniors housing properties.
  • 3The Notes bear a fixed interest rate of 2.750% per year, payable semi-annually.
  • 4The Notes mature on January 15, 2032.
  • 5The issuance was made under an existing automatic shelf registration statement.
  • 6Key underwriters included Wells Fargo Securities, J.P. Morgan Securities, and Mizuho Securities USA.
  • 7The debt issuance is documented under the company's existing indenture, as supplemented by Supplemental Indenture No. 21.

Frequently Asked Questions

The net proceeds from the issuance of the 2.750% Notes due 2032 are intended for general corporate purposes. This includes repaying existing debt obligations and making new investments in Welltower's core sectors of healthcare and seniors housing properties.

The Notes have a principal amount of $500 million, mature on January 15, 2032, and carry a fixed interest rate of 2.750% per annum. Interest payments will be made semi-annually in arrears on January 15 and July 15 of each year, with the first payment due on July 15, 2022.

This issuance allows Welltower to secure long-term financing at a favorable interest rate (2.750%), potentially lowering its overall cost of capital and providing flexibility to refinance existing debt or fund strategic growth opportunities in its real estate portfolio.

The Notes were issued pursuant to an automatic shelf registration statement (File No. 333-255766) previously filed with the SEC on May 4, 2021. They are governed by the Company's existing Indenture dated March 15, 2010, as supplemented by Supplemental Indenture No. 21 dated November 19, 2021.