Welltower intends to offer notes via three bookrunners

By Devika Patel

Knoxville, Tenn., June 16 – Welltower Inc. intends to offer dollar-denominated notes (//BBB+), according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call until 90 days prior to maturity and then a par call.

Wells Fargo Securities LLC, J.P. Morgan Securities LLC and BofA Securities Inc. are the joint bookrunners.

Proceeds will be used to purchase for cash up to $300 million of the company’s $500 million 3.75% notes due 2023 and its $600 million of 3.95% notes due 2023, to repay advances under its unsecured term loan credit facility and 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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