Welltower Boosts Financial Flexibility and Appoints New Director

An announcement from Welltower (WELL) is now available.

Welltower Inc. enhanced its financial agility by amending its existing credit agreement, now including a $5 billion unsecured revolving credit facility split into two tranches, alongside a $1 billion USD term loan and a CAD 250 million term loan. These facilities come with customisable maturity dates and the potential for increased borrowing capacity, subject to conditions. Interest rates are tied to the company’s credit ratings and can be reduced by meeting certain sustainability and leverage criteria. Additionally, Welltower’s board welcomed Andrew Gundlach as an independent director, adhering to the NYSE’s governance standards, and he is set to be considered for election by shareholders in 2025.

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