By Aleesia Forni
New York, Nov. 19 – Welltower Inc. priced C$300 million of 3.35% five-year senior notes at 99.74 to yield 3.407%, according to a company news release.
The notes will be sold through the company’s wholly owned subsidiary, HCN Canadian Holdings - 1 LP, and will be guaranteed by Welltower.
Proceeds from the deal will be used for general corporate purposes, including investing in health care and seniors housing properties.
Toledo, Ohio-based Welltower is a real estate investment trust that owns health care facilities.
| Issuer: | HCN Canadian Holdings - 1 LP
|
| Guarantor: | Welltower Inc.
|
| Amount: | C$300 million
|
| Maturity: | Nov. 25, 2020
|
| Securities: | Senior notes
|
| Coupon: | 3.35%
|
| Price: | 99.74
|
| Yield: | 3.407%
|
| Announcement date: | Nov. 19
|
| Settlement date: | Nov. 25
|
| Distribution: | Canada
|
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