Ohio, Nov. 6, 2023 /PRNewswire/ --
Welltower Inc. (NYSE: WELL) ("Welltower" or the
"Company") announced today that it priced the public offering for
the 17,500,000 shares of its common stock previously sold (the
"Offering") to BofA Securities, Inc. and Goldman Sachs & Co.
LLC for aggregate gross proceeds to Welltower of approximately
$1.5 billion. Welltower has also
granted the underwriters an option to purchase up to 2,625,000
additional shares of common stock.
Welltower intends to use the net proceeds from the Offering for
the acquisition of properties within the seniors housing and
skilled nursing sectors, including those currently under contract
and for general corporate purposes. On October 30, 2023, the Company disclosed
approximately $1.0 billion of fully
funded investments under contract and has entered into agreements
to purchase an incremental $2.0
billion of properties as of November
6, 2023. In total, the $3.0
billion of granular acquisition activity is comprised of
approximately $2.4 billion and
$600 million of investments in the
seniors housing and skilled nursing sectors, respectively. Pending
such use, the net proceeds may be invested in short-term,
investment grade, interest-bearing securities, certificates of
deposit or indirect or guaranteed obligations of the United States.
BofA Securities, Inc. and Goldman Sachs & Co. LLC are acting
as the underwriters of the Offering. A copy of the prospectus
supplement and prospectus relating to these securities may be
obtained (a) by contacting BofA Securities, Inc. NC1-022-02-25, 201
North Tryon Street, Charlotte, NC
28255-0001, Attn: Prospectus Department, email:
email@example.com, or Goldman Sachs & Co. LLC,
Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526,
facsimile: 212-902-9316 or by emailing
Prospectusfirstname.lastname@example.org or (b) through the internet site of
the SEC at http://www.sec.gov.
This press release does not constitute an offer
to sell or a solicitation of an offer to buy, nor
shall there be any offer or sale of, the common stock in any
jurisdiction in which the offer, solicitation or sale of the notes
would be unlawful prior to the registration or qualification
thereof under the securities
laws of any such state or jurisdiction.
This press release contains "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
When Welltower uses words such as "may," "intend," "expect" or
similar expressions that do not relate solely to historical
matters, Welltower is making forward-looking statements.
Forward-looking statements, including statements related to the
Offering, are not guarantees of future performance and involve
risks and uncertainties that may cause Welltower's actual
results to differ materially from Welltower's expectations
discussed in the forward-looking statements. This may be a result
of various factors, including, but not limited to, Welltower's
ability to complete the Offering and those factors discussed in
Welltower's reports filed from time to time with the SEC. Welltower
undertakes no obligation to update or revise publicly any
forward-looking statements, whether because of new information,
future events or otherwise, or to update the reasons why actual
results could differ from those projected in any forward-looking
Welltower Inc. (NYSE: WELL), a real estate investment trust
("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of
health care infrastructure. Welltower 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 owns interests in properties
concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing
and post-acute communities and outpatient medical properties.
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SOURCE Welltower Inc.