Welltower Announces Expanded $4.7 Billion Unsecured Credit Facility
06/08/21, 11:08 AM
Location
toledoWelltower® Inc. (NYSE: WELL) (the "Company" or "Welltower") today announced that it has closed an approximate $4.0 billion unsecured revolving line of credit ("Revolving Facility") which will replace the Company's existing line of credit of approximately $3.0 billion. The Revolving Facility was supported by 31 incumbent and new financial institutions and was heavily oversubscribed. The Company has two existing facilities ("Term Facilities") which will remain outstanding; a $500 million term loan and a CAD 250 million term loan ($206.6 million at exchange rates as of June 2, 2021).
Company Info
Location
toledo, ohio, united states
Additional Info
Welltower Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower®, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.