Welltower Announces Closing of $1.035 Billion of Exchangeable Senior Notes

Core Viewpoint - Welltower Inc. has successfully closed a $1.035 billion offering of 3.125% exchangeable senior notes due 2029, reflecting strong demand and the full exercise of the initial purchasers' option to buy additional notes [1][2] Group 1: Offering Details - The offering consists of senior unsecured notes that will pay interest semi-annually at a rate of 3.125%, starting January 15, 2025, and maturing on July 15, 2029 [2] - The notes are guaranteed by Welltower on a senior unsecured basis, ensuring the company's commitment to the obligations [2] Group 2: Repurchase and Exchange Provisions - In the event of a fundamental change, noteholders may require Welltower OP to repurchase their notes at 100% of the principal amount plus accrued interest [3] - The notes are exchangeable under specific conditions, with an initial exchange rate of 7.8177 shares of common stock per $1,000 principal amount, equating to an exchange price of approximately $127.91 per share [7] Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes, including debt repayment and investments in healthcare and senior housing properties [4] Group 4: Company Overview - Welltower Inc. is a real estate investment trust (REIT) focused on transforming healthcare infrastructure, investing in seniors housing and post-acute care properties across high-growth markets in the U.S., Canada, and the U.K. [6]