debt
confidence high
sentiment neutral
materiality 0.40
Welltower OP issues $1B in notes; $400M 4.5% due 2030 and $600M 5.125% due 2035
Welltower OP LLC
- Issued $400M of 4.500% Notes due 2030 (fungible with $600M issued June 2025) and $600M of 5.125% Notes due 2035 (fungible with $650M issued June 2025).
- Notes mature July 1, 2030 and July 1, 2035 respectively; interest payable semiannually beginning Jan 1, 2026.
- Fully and unconditionally guaranteed by Welltower Inc. (WELL) on a senior unsecured basis.
- Net proceeds for general corporate purposes: debt repayment and healthcare/seniors housing investment opportunities.
- Underwriting led by Wells Fargo, BofA Securities, and Goldman Sachs; issued under existing shelf registration.
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