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Welltower Announces Upsizing and Maturity Extension of $6.25 Billion Senior Unsecured Line of Credit
Prnewswire· 2026-03-10 12:00
Core Viewpoint - Welltower Inc. has successfully amended and upsized its senior unsecured revolving line of credit to $6.25 billion, enhancing its debt maturity profile and reducing costs while improving financial flexibility [1] Group 1: Financial Details - The amended revolving facility includes a $4.25 billion tranche maturing on March 6, 2030, and a $2.0 billion tranche maturing on July 24, 2029, with options for extension [1] - The loans under the facility bear interest at 67.5 basis points over SOFR and an annual facility fee of 12.5 basis points [1] - The total available credit facilities for the company have increased to approximately $7.5 billion following this amendment [1] Group 2: Credit Rating and Financial Strategy - Moody's has revised Welltower's credit rating outlook from stable to positive, citing improvements in key credit metrics and a focus on organic growth and equity-funded investments [1] - The company aims to deliver long-term compounding of per share growth for investors through disciplined capital allocation and a strong operational framework [1] Group 3: Management Commentary - The Co-President and CFO of Welltower emphasized that the upsizing and extension of the line of credit strengthens the balance sheet and lowers the cost of capital, positioning the company well for future growth [1] - The support from a diverse group of financial institutions in the refinancing process was acknowledged as a key factor in enhancing liquidity and maintaining low leverage [1]