Welltower OP LLC, an operating subsidiary of Welltower Inc., has issued C$1.15 billion in aggregate principal amount of senior unsecured notes. The offering, which closed on July 13, 2026, is comprised of two series with different maturities and interest rates. The company intends to use the net proceeds for general corporate purposes, including debt repayment and funding new investments.
Key Details
- Offering Size: C$1.15 billion total, split into two tranches.
- 2031 Notes: C$750 million aggregate principal amount of 3.850% notes, maturing on August 15, 2031.
- 2033 Notes: C$400 million aggregate principal amount of 4.150% notes, maturing on August 15, 2033.
- Use of Proceeds: The net proceeds are allocated for general corporate purposes, which may include repaying existing debt and financing investment opportunities in healthcare and seniors housing properties.