Welltower Issues New Notes Due 2028 and 2034
Ticker: WELL · Form: 8-K · Filed: Feb 15, 2024 · CIK: 766704
| Field | Detail |
|---|---|
| Company | Welltower Inc. (WELL) |
| Form Type | 8-K |
| Filed Date | Feb 15, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.00, $3,500,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, real-estate
TL;DR
**Welltower just issued new debt on Feb 15, 2024, including 4.800% notes due 2028 and 4.500% notes due 2034, signaling a financing move.**
AI Summary
Welltower Inc. filed an 8-K on February 15, 2024, reporting the issuance of new debt instruments. These include notes maturing in 2028 with an interest rate of 4.800% and additional notes maturing in 2034 with an interest rate of 4.500%. This filing indicates a financing event for the company.
Why It Matters
This debt issuance provides Welltower Inc. with capital, which can be utilized for general corporate purposes, refinancing existing obligations, or funding new investments in its real estate portfolio, impacting its financial structure and future growth capacity.
Risk Assessment
Risk Level: medium — While new debt provides capital, it also increases the company's financial leverage and interest payment obligations, which could affect its financial flexibility and risk profile.
Key Numbers
- 4.800% — Interest Rate (Notes due 2028)
- 2028 — Maturity Year (Notes due 2028)
- 4.500% — Interest Rate (Notes due 2034)
- 2034 — Maturity Year (Notes due 2034)
Key Players & Entities
- Welltower Inc. (company) — registrant
- 4.800% Notes due 2028 (dollar_amount) — debt instrument
- 4.500% Notes due 2034 (dollar_amount) — debt instrument
- February 15, 2024 (date) — date of earliest event reported
FAQ
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is Welltower Inc.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is February 15, 2024.
What is the interest rate and maturity year for one of the new notes issued by Welltower Inc.?
Welltower Inc. issued notes with a 4.800% interest rate due in 2028.
What is the other interest rate and maturity year for the new notes mentioned in the filing?
The other notes have a 4.500% interest rate due in 2034.
What is Welltower Inc.'s Central Index Key (CIK)?
Welltower Inc.'s Central Index Key (CIK) is 0000766704.
Filing Stats: 1,251 words · 5 min read · ~4 pages · Grade level 11.5 · Accepted 2024-02-15 09:01:40
Key Financial Figures
- $1.00 — nge on which registered Common stock, $1.00 par value per share WELL New York S
- $3,500,000,000 — he Equity Distribution Agreement, up to $3,500,000,000 of Common Stock (the "ATM Shares") may
Filing Documents
- d765691d8k.htm (8-K) — 34KB
- d765691dex11.htm (EX-1.1) — 633KB
- d765691dex51.htm (EX-5.1) — 9KB
- d765691dex81.htm (EX-8.1) — 29KB
- g765691g0214160402653.jpg (GRAPHIC) — 2KB
- g765691g0214161018241.jpg (GRAPHIC) — 5KB
- g765691snap1.jpg (GRAPHIC) — 3KB
- g765691snap2.jpg (GRAPHIC) — 3KB
- 0001193125-24-037143.txt ( ) — 1012KB
- well-20240215.xsd (EX-101.SCH) — 4KB
- well-20240215_def.xml (EX-101.DEF) — 13KB
- well-20240215_lab.xml (EX-101.LAB) — 22KB
- well-20240215_pre.xml (EX-101.PRE) — 14KB
- d765691d8k_htm.xml (XML) — 7KB
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits. 1.1 Equity Distribution Agreement, dated as of February 15, 2024, among Welltower Inc., Welltower OP LLC, the sales agents named therein and the related forward purchasers. 5.1 Opinion of Gibson, Dunn & Crutcher LLP regarding the ATM Shares. 8.1 Tax Opinion of Gibson, Dunn & Crutcher LLP regarding the ATM Shares. 23.1 Consent of Gibson, Dunn & Crutcher LLP (included in Exhibits 5.1 and 8.1 hereto). 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WELLTOWER INC. By: /s/ MATTHEW MCQUEEN Name: Matthew McQueen Title: Executive Vice President - General Counsel & Corporate Secretary Date: February 15, 2024