Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Welltower Inc. > News item |
Welltower to repay term loan advances, credit facility via new notes
By Susanna Moon
Chicago., Aug. 9 – Welltower Inc. plans to repay advances under its term loan due May 25, 2020 with Barclays Bank plc and under its primary unsecured credit facility due July 19, 2022 using proceeds of new notes, according to a 424B5 filing with the Securities and Exchange Commission.
The company plans to price new notes due 2023 and 2048 as well as an add-on to its 4.25% senior notes due April 15, 2028.
Proceeds will also be used for general corporate purposes.
The Barclays term loan was used to fund the company’s acquisition of Quality Care Properties, Inc. in July. As of Tuesday, the company had outstanding balances of $1 billion under that term loan with interest rate of 4.01% and $2.15 billion under its primary unsecured credit facility with interest rate of 2.9%, the filing said.
Welltower is a senior housing and health care real estate investment trust based in Toledo, Ohio.
© 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.