NYSE:WELLHealth Care REITs
What Welltower (WELL)'s Expanded Low‑Cost Credit Facility Means For Shareholders
Welltower Inc. recently closed an amended US$6.25 billion senior unsecured revolving credit facility, extending maturities to 2029–2030, modestly reducing pricing, and using cash on hand to repay its prior US$1.00 billion and C$250.00 million term loans while increasing total available credit facilities to about US$7.50 billion.
By improving its credit outlook, lowering its borrowing spread to 67.5 basis points over SOFR, and adding the option to further upsize the facility, Welltower has...