Welltower preparing to offer 10-year senior notes

By Aleesia Forni

New York, Feb. 23 – Welltower Inc., formerly known as Health Care REIT Inc., plans to price an offering of senior notes due 2026, according to a 424B5 filed with the Securities and Exchange Commission.

UBS Securities LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to repay advances under the company’s unsecured credit facility and for general corporate purposes.

The Toledo, Ohio-based real estate investment trust invests in senior housing and health care real estate.

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