---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-142169"
form_type: "8-K"
ticker: null
cik: "0001917598"
company_name: "Welltower OP LLC"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T05:01:53.265586+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Welltower OP LLC issues $1.035B of 2.750% exchangeable senior notes due 2028

## Summary
- Welltower OP LLC issued $1.035 billion aggregate principal amount of 2.750% Exchangeable Senior Notes due May 15, 2028.
- Notes are exchangeable into Welltower Inc. common stock at an initial rate of 10.4808 shares per $1,000 principal (exchange price ~$95.41).
- Proceeds will be used for general corporate purposes, including repayment of 4.500% notes due Jan 2024 and 3.625% notes due Mar 2024.
- The notes are fully and unconditionally guaranteed by Welltower Inc. on a senior unsecured basis.
- The offering included full exercise of initial purchasers' option to acquire additional notes.

## SEC filing metadata
- accession: 0001193125-23-142169
- form_type: 8-K
- cik: 0001917598
- company_name: Welltower OP LLC
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1917598/000119312523142169/0001193125-23-142169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766704/000119312523142169/d384800d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-142169
- JSON: https://secwatch.observer/filing/0001193125-23-142169.json
- Plain text: https://secwatch.observer/filing/0001193125-23-142169.txt

## Key facts
- Debt Financings
  Welltower OP LLC incurred convertible notes of $1,035,000,000 at 2.750% per year maturing May 15, 2028.
  - Instrument: convertible notes
  - Principal: $1,035,000,000
  - Rate: 2.750% per year
  - Maturity: May 15, 2028
  - Event: incurrence
  source text: On May 11, 2023, Welltower OP LLC (the “Issuer”), the operating company through which Welltower Inc. (the “Company”) conducts all of its business, issued $1,035,000,000 principal amount of its 2.750% Exchangeable Senior Notes due 2028 (the “Notes”), which amount includes $135,000,000 principal amount of the Notes pursuant to the exercise in full by the initial purchasers of their option to acquire additional Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1917598/000119312523142169/0001193125-23-142169-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.