Welltower plans to sell notes in two parts to fund notes repayment

By Devika Patel

Knoxville, Tenn., Feb. 13 – Welltower Inc. intends to offer fixed-rate notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be due in 2024 and 2029.

Both notes have a make-whole call and then a par call.

Wells Fargo Securities LLC, BofA Merrill Lynch and MUFG are the joint bookrunners.

Proceeds will be used to repay existing debt, including the company’s 4.125% senior notes due 2019 and its 6.125% senior notes due 2020.

Welltower is a senior housing and health care real estate investment trust based in Toledo, Ohio.

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