European Investor
10 Mar 2026, 20:34
Welltower announced the closing of an amended $6.25 billion senior unsecured revolving credit facility, expanding and extending its previous credit line while improving borrowing costs.
The refinancing extends the company’s debt maturity profile and includes two tranches: a $4.25 billion facility maturing in March 2030 and a $2.0 billion facility maturing in July 2029, each with options for two six-month extensions. Based on current credit ratings, borrowings under the facility will carry an interest rate of 67.5 basis points above SOFR with a 12.5 basis-point annual facility fee.
At the same time, Welltower repaid an existing $1 billion U.S. dollar term loan and a $250 million Canadian dollar term loan using cash on hand. The company said the upsized credit line increases its total available credit capacity to about $7.5 billion and provides additional liquidity to support investment and growth opportunities in its seniors housing portfolio.
PRNewswire
The refinancing extends the company’s debt maturity profile and includes two tranches: a $4.25 billion facility maturing in March 2030 and a $2.0 billion facility maturing in July 2029, each with options for two six-month extensions. Based on current credit ratings, borrowings under the facility will carry an interest rate of 67.5 basis points above SOFR with a 12.5 basis-point annual facility fee.
At the same time, Welltower repaid an existing $1 billion U.S. dollar term loan and a $250 million Canadian dollar term loan using cash on hand. The company said the upsized credit line increases its total available credit capacity to about $7.5 billion and provides additional liquidity to support investment and growth opportunities in its seniors housing portfolio.
PRNewswire
