Business
Welltower Announces Upsizing and Maturity Extension of $6.25 Billion Senior Unsecured Line of Credit
Welltower Inc. (NYSE: WELL) (the "Company") today announced that it has closed on an amended $6.25 billion senior unsecured revolving line of credit (the "Revolving Facility"). The amendment and upsizing extends the Company's well-staggered debt maturity profile and enhances flexibility while achieving a 15 bps improvement in pricing. Concurrent with closing, the Company repaid its existing $1 billion USD term loan and $250 million CAD term loan with cash on hand.
About this update from Welltower Inc.
[{"type":"text","content":"TOLEDO, Ohio, March 10, 2026 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) (the "Company") today announced that it has closed on an amended $6.25 billion senior unsecured revolving line of credit (the "Revolving Facility"). The amendment and upsizing extends the Company's well-staggered debt maturity profile and enhances flexibility while achieving a 15 bps improvement in pricing. Concurrent with closing, the Company repaid its existing $1 billion USD term loan and $250 million CAD term loan with cash on hand.","length":537,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Welltower)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Welltower)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":345,"url":"https://media.zenfs.com/en/prnewswire.com/bffecdde8463c93a2c474c0c5948aa5d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SsdifagsNqO_SEWLQM9LGA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTYwODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bffecdde8463c93a2c474c0c5948aa5d","width":400,"height":345}},"href":"https://mma.prnewswire.com/media/2632202/Welltower_Logo_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The closing of the Revolving Facility follows the recent revision to the Company's credit rating outlook to positive from stable by Moody's. In its outlook revision, Moody's cited Welltower's continued improvement in key credit metrics as well as the Company's financial policy of growing per share earnings through its focus on organic growth and equity-funded investments, which have led to a rapid deleveraging of the capital structure.","length":459,"tagName":"p"},{"type":"text","content":""The successful upsizing and extension of our line of credit further strengthens Welltower's already robust balance sheet, lowers our cost of capital, and highlights our unparalleled seniors housing growth outlook," said Tim McHugh, Welltower's Co-President and Chief Financial Officer. "We are grateful for the support of our bank group with 28 existing and 4 new financial institutions participating in the refinancing. Through this support, Welltower is well positioned with ample liquidity and historically low leverage to efficiently fund our robust capital deployment opportunities and continue delivering ...