Welltower Issues New Notes Due 2028 and 2034
Ticker: WELL · Form: 8-K · Filed: 2024-02-15T00:00:00.000Z
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.
From the Filing
0001193125-24-037143.txt : 20240215 0001193125-24-037143.hdr.sgml : 20240215 20240215090140 ACCESSION NUMBER: 0001193125-24-037143 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 22 CONFORMED PERIOD OF REPORT: 20240215 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240215 DATE AS OF CHANGE: 20240215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLTOWER INC. CENTRAL INDEX KEY: 0000766704 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 341096634 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08923 FILM NUMBER: 24642356 BUSINESS ADDRESS: STREET 1: 4500 DORR STREET CITY: TOLEDO STATE: OH ZIP: 43615 BUSINESS PHONE: 419-247-2800 MAIL ADDRESS: STREET 1: 4500 DORR STREET CITY: TOLEDO STATE: OH ZIP: 43615 FORMER COMPANY: FORMER CONFORMED NAME: HEALTH CARE REIT INC /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 d765691d8k.htm 8-K 8-K false 0000766704 0000766704 2024-02-15 2024-02-15 0000766704 us-gaap:CommonStockMember 2024-02-15 2024-02-15 0000766704 well:NotesDue20284.800Member 2024-02-15 2024-02-15 0000766704 well:NotesDue20344.500Member 2024-02-15 2024-02-15     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 15, 2024     Welltower Inc. (Exact name of registrant as specified in its charter)       Delaware   1-8923   34-1096634 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   4500 Dorr Street , Toledo , Ohio   43615 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (419) 247-2800 Not Applicable (Former name or former address, if changed since last report.)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, $1.00 par value per share   WELL   New York Stock Exchange Guarantee of 4.800% Notes due 2028 issued by Welltower OP LLC   WELL/28   New York Stock Exchange Guarantee of 4.500% Notes due 2034 issued by Welltower OP LLC   WELL/34   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 8.01 Other Events . On February 15, 2024, Welltower Inc., a Delaware corporation (the “Company”), entered into an equity distribution agreement (the “Equity D