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Published on 3/16/2021 in the Prospect News Investment Grade Daily.

Welltower to sell one tranche of notes via Barclays, JPMorgan, MUFG

Chicago, March 16 – Welltower Inc. announced a single-tranche offering of new notes in a 424B5 filing with the Securities and Exchange Commission on Tuesday.

The notes will have a make-whole call and a par call.

Barclays, J.P. Morgan Securities LLC and MUFG are joint bookrunners for the notes.

Proceeds will be used to redeem all or a portion of the company’s outstanding $339.12 million 3.75% senior notes due 2023 and all or a portion of the $334,624,000 outstanding 3.95% senior notes due 2023.

Any remaining proceeds will be used 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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