Deal Details

Welltower Completes $1.035 Billion Exchangeable Notes Offering

Real Estate

Welltower exchangeable notes offering

Summary

Welltower Inc. (“Welltower”) (NYSE: WELL) recently completed an upsized offering of $1.035 billion aggregate principal amount of 3.125% exchangeable senior notes due 2029 (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, 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.

Real Estate

Welltower exchangeable notes offering