Deal Details
Welltower Completes $1 Billion Exchangeable Notes Offering
Summary
Welltower Inc. (“Welltower”) recently completed an upsized offering of $1.0 billion aggregate principal amount of 2.750% exchangeable senior notes due 2028 (the “Notes”) in a private placement pursuant to Rule 144A, including $135.0 million aggregate principal amount of the Notes purchased by the underwriters pursuant to the overallotment option. Welltower intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment or redemption of debt and investment in health care, wellness and seniors housing properties.
Baird served as a co-manager on this offering.
About
Welltower Inc., a S&P 500 company, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. Welltower is headquartered in Toledo, Ohio.CONTACT US TO LEARN MORE
- Date
- May 2023
- Company
- Welltower Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Real Estate
- Target Geography
- North America
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