Welltower Inc. Files 8-K on Financial Obligations and Equity Sales
Ticker: WELL · Form: 8-K · Filed: Jul 11, 2024 · CIK: 766704
| Field | Detail |
|---|---|
| Company | Welltower Inc. (WELL) |
| Form Type | 8-K |
| Filed Date | Jul 11, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $1.00, $135,000,000, $1,000, $127.91, $104.42 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, equity-sale, financial-obligation
TL;DR
Welltower filed an 8-K detailing new debt and equity sales - watch for financial shifts.
AI Summary
Welltower Inc. filed an 8-K on July 11, 2024, disclosing the creation of a direct financial obligation and unregistered sales of equity securities. The filing also included other events and financial statements/exhibits, indicating significant corporate activity and potential financial restructuring or new funding.
Why It Matters
This filing signals potential changes in Welltower's capital structure and financial commitments, which could impact its debt levels and shareholder equity.
Risk Assessment
Risk Level: medium — The filing involves financial obligations and equity sales, which can introduce financial risk and impact the company's balance sheet.
Key Players & Entities
- WELLTOWER INC. (company) — Filer
- Welltower OP LLC (company) — Related Filer
- HEALTH CARE REIT INC /DE/ (company) — Former Company Name
- Welltower OP Inc. (company) — Former Company Name
- WELL Merger Holdco Sub Inc. (company) — Former Company Name
FAQ
What is the nature of the direct financial obligation created by Welltower Inc.?
The filing indicates the creation of a direct financial obligation, but the specific details of this obligation are not provided in the provided text.
What type of equity securities were sold unregistered by Welltower Inc.?
The filing mentions unregistered sales of equity securities, but the specific type and details of these securities are not detailed in the provided text.
When was this 8-K filing submitted?
The filing was submitted on July 11, 2024.
What are the primary business activities of Welltower Inc.?
Welltower Inc. is classified under Standard Industrial Classification code 6798, which pertains to Real Estate Investment Trusts.
Has Welltower Inc. operated under any previous names?
Yes, Welltower Inc. was formerly known as HEALTH CARE REIT INC /DE/ until July 3, 1992.
Filing Stats: 2,275 words · 9 min read · ~8 pages · Grade level 12.8 · Accepted 2024-07-11 16:06:05
Key Financial Figures
- $1.00 — ange on which registered Common stock, $1.00 par value per share WELL New York S
- $135,000,000 — (the "Notes") [, which amount includes $135,000,000 principal amount of the Notes pursuant
- $1,000 — quals 7.8177 shares of Common Stock per $1,000 principal amount of the Notes (equivale
- $127.91 — t to an exchange price of approximately $127.91 per share of Common Stock and an exchan
- $104.42 — ely 22.5% based on the closing price of $104.42 per share of Common Stock on July 8, 20
Filing Documents
- d788037d8k.htm (8-K) — 60KB
- d788037dex41.htm (EX-4.1) — 587KB
- d788037dex101.htm (EX-10.1) — 96KB
- d788037dex991.htm (EX-99.1) — 10KB
- g788037dsp64.jpg (GRAPHIC) — 7KB
- g788037dsp64a.jpg (GRAPHIC) — 10KB
- g788037dsp66.jpg (GRAPHIC) — 9KB
- g788037dsp67.jpg (GRAPHIC) — 10KB
- g788037dsp69.jpg (GRAPHIC) — 9KB
- g788037dsp70.jpg (GRAPHIC) — 14KB
- g788037g0710071044183.jpg (GRAPHIC) — 7KB
- 0001193125-24-177719.txt ( ) — 1182KB
- well-20240711.xsd (EX-101.SCH) — 5KB
- well-20240711_cal.xml (EX-101.CAL) — 1KB
- well-20240711_def.xml (EX-101.DEF) — 15KB
- well-20240711_lab.xml (EX-101.LAB) — 20KB
- well-20240711_pre.xml (EX-101.PRE) — 16KB
- d788037d8k_htm.xml (XML) — 11KB
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. When the Company uses words such as "may," "will," "intend," "believe," "expect," "project" or similar expressions that do not relate solely to historical matters, the Company is making forward-looking statements. Forward-looking statements, including statements related to the offering of the Notes are not guarantees of future performance and involve risks and uncertainties that may cause the Company's actual results to differ materially from its expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to, those factors discussed in the Company's reports filed from time to time with the SEC. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements. Item9.01
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 4.1 Indenture, dated as of July 11, 2024, among the Issuer, the Company and the Trustee. 4.2 Form of Global Note (included in Exhibit 4.1 hereto). 10.1 Registration Rights Agreement, dated as of July 11, 2024, among the Company, the Issuer and the initial purchasers party thereto. 99.1 Press release, dated July 11, 2024. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, 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 WELLTOWER OP LLC By: /s/ Matthew McQueen Name: Matthew McQueen Title: President Dated: July 11, 2024