Welltower to pay down credit facility with proceeds of note offering

By Wendy Van Sickle

Columbus, Ohio, Oct. 9 – Welltower Inc., formerly Health Care REIT, Inc., plans to repay borrowings under its primary unsecured credit facility with some proceeds from an offering of 4% notes due 2025, according to a form 424B5 filed with the Securities and Exchange Commission.

As of Wednesday, the company had $430 million outstanding under the credit facility.

Other proceeds from the offering will be used for general corporate purposes, including investing in health care and seniors housing properties.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.