Welltower Looks To Raise $750M Via Announces Private Placement Of Exchangeable Senior Notes
Portfolio Pulse from Benzinga Newsdesk
Welltower Inc. (NYSE: WELL) announced a private placement of $750 million in exchangeable senior notes due 2029. The offering is subject to market conditions and other factors, and the company may grant an option to purchase an additional $112.5 million in notes.
July 08, 2024 | 11:21 am
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Welltower Inc. is raising $750 million through a private placement of exchangeable senior notes due 2029, with an option to offer an additional $112.5 million. This move aims to strengthen the company's financial position.
The issuance of exchangeable senior notes will provide Welltower with significant capital, potentially improving its financial stability and enabling further investments. This is likely to be viewed positively by investors.
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