The company said Welltower OP LLC issued 3.125% Exchangeable Senior Notes due 2029 on July 11, 2024, and the press release said the total principal amount, including the full exercise of the initial purchasers' option to buy additional notes, was $1.035 billion.

1. 01

   The company said Welltower OP LLC issued 3.125% Exchangeable Senior Notes due 2029 on July 11, 2024, and the press release said the total principal amount, including the full exercise of the initial purchasers' option to buy additional notes, was $1.035 billion.

2. 02

   The company said the Notes will pay interest at 3.125% per year semiannually in arrears on January 15 and July 15 each year, with the first payment on January 15, 2025, and will mature on July 15, 2029.

3. 03

   The company said the exchange rate initially equals 7.8177 shares of common stock per $1,000 principal amount of Notes, equal to an exchange price of about $127.91 per share and an exchange premium of about 22.5% based on the closing price of $104.42 per share on July 8, 2024.

4. 04

   Welltower said it plans to use the net proceeds from the Notes for general corporate purposes, which may include repaying or redeeming debt, including the 4.000% Notes due June 1, 2025, and investing in health care, wellness and seniors housing properties.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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