New C$750M and C$400M notes from Welltower (NYSE: WELL)
Rhea-AI Filing Summary
Welltower OP LLC issued C$750,000,000 aggregate principal amount of 3.850% Notes due 2031 and C$400,000,000 aggregate principal amount of 4.150% Notes due 2033 on July 13, 2026. The Notes are fully and unconditionally guaranteed on a senior unsecured basis by Welltower Inc.
Interest on both series is payable semiannually in arrears on February 15 and August 15 of each year, commencing February 15, 2027. The 2031 Notes mature on August 15, 2031 and the 2033 Notes mature on August 15, 2033. The Company intends to use the net proceeds for general corporate purposes, including repayment of debt and funding a pipeline of investment opportunities in healthcare and seniors housing properties, with temporary investment in short-term, investment grade, interest-bearing securities, certificates of deposit or indirect or guaranteed obligations of the United States.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
2031 Notes Principal: C$750,000,000
2031 Notes Interest Rate: 3.850% per year
2033 Notes Principal: C$400,000,000
+4 more
7 metrics
2031 Notes Principal
C$750,000,000
Aggregate principal amount of 3.850% Notes due 2031 issued on July 13, 2026
2031 Notes Interest Rate
3.850% per year
Coupon on 2031 Notes, payable semiannually in arrears
2033 Notes Principal
C$400,000,000
Aggregate principal amount of 4.150% Notes due 2033 issued on July 13, 2026
2033 Notes Interest Rate
4.150% per year
Coupon on 2033 Notes, payable semiannually in arrears
First Interest Payment
February 15, 2027
Initial semiannual interest payment date for both series of Notes
2031 Notes Maturity
August 15, 2031
Maturity date of the 3.850% Notes
2033 Notes Maturity
August 15, 2033
Maturity date of the 4.150% Notes
Key Terms
automatic shelf registration statement, senior unsecured, Indenture, Supplemental Indenture, +1 more
5 terms
automatic shelf registration statement regulatory
"pursuant to an automatic shelf registration statement of the Company"
An automatic shelf registration statement is a pre-approved filing that companies submit to securities regulators, allowing them to sell new shares or bonds quickly and efficiently when needed. It acts like a standing permit, enabling the company to raise money without going through a lengthy approval process each time, which can be helpful for responding promptly to market opportunities or needs. For investors, it provides transparency about the company's ability to raise funds and signals planning flexibility.
senior unsecured financial
"The Notes are fully and unconditionally guaranteed ... on a senior unsecured basis"
Senior unsecured is a type of loan or bond that has priority over other unsecured obligations for repayment if a company runs into financial trouble, but it is not backed by specific assets as collateral. Think of it as being near the front of a line to get paid, but without a pledged item to seize if the borrower defaults; that higher repayment priority typically makes it less risky than subordinated debt but more risky than secured debt, which influences the interest rate investors demand.
Indenture regulatory
"The Notes were issued under an Indenture, dated as of March 15, 2010"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
Supplemental Indenture regulatory
"as supplemented by Supplemental Indenture No. 25, dated as of July 13, 2026"
A supplemental indenture is a written amendment to the original bond agreement that changes specific terms of a debt contract, such as payment schedules, interest rates, collateral or covenant protections. Investors care because it alters the legal rights and risks tied to a security — like renegotiating a mortgage where the lender and borrower agree to new rules — and can affect a bond’s credit quality, yield and market value.
global note financial
"Form of Global Note due 2031 (included in Exhibit 4.3 hereto)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What new debt securities did Welltower (WELL) issue on July 13, 2026?
Welltower OP LLC issued C$750,000,000 of 3.850% Notes due 2031 and C$400,000,000 of 4.150% Notes due 2033. Both series are fully and unconditionally guaranteed on a senior unsecured basis by Welltower Inc.
What are the interest rates and payment dates on Welltower (WELL) 2031 and 2033 notes?
The 2031 Notes bear interest at 3.850% per year and the 2033 Notes at 4.150%, payable semiannually on February 15 and August 15. Payments begin February 15, 2027 for both series and continue until maturity.
When do Welltower (WELL) new notes mature?
The 3.850% Notes mature on August 15, 2031, while the 4.150% Notes mature on August 15, 2033. Both are senior unsecured obligations of Welltower OP LLC, fully guaranteed by Welltower Inc.
How does Welltower (WELL) plan to use the proceeds from the new notes?
The company intends to use net proceeds for general corporate purposes, including repayment of debt and funding investment opportunities in healthcare and seniors housing properties. Pending deployment, proceeds may be invested in short-term, investment grade instruments and U.S. government-related obligations.
Under what registration and agreements were Welltower (WELL) new notes issued?
The notes were issued under an automatic shelf registration statement on Form S-3 and sold pursuant to an Underwriting Agreement dated July 6, 2026. They are governed by an Indenture dated March 15, 2010, as supplemented by Supplemental Indenture No. 25.