November 25, 2015

Welltower Inc. Completes $300 Million Note Offering

Goodmans represented Welltower Inc. in the completion of a $300 million note offering in the aggregate principal amount of 3.35% senior unsecured notes due November 25, 2020. The notes were issued through a private placement in Canada at 99.740% of their face amount to yield 3.407%. The notes were issued by Welltower's indirect wholly-owned subsidiary, HCN Canadian Holdings-1 LP, which are guaranteed fully and unconditionally by Welltower. Welltower intends to use the net proceeds for general corporate purposes, including investing in healthcare and seniors housing properties.

The note offering was conducted through a team of agents co-led by RBC Dominion Securities Inc. and TD Securities Inc. and including Morgan Stanley Canada Limited, Wells Fargo Securities Canada, Ltd. and BMO Nesbitt Burns Inc.

Welltower (formerly Health Care REIT, Inc.) owns more than 1,400 properties 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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...its borrower-side work and involvement in complex restructuring-related matters is particularly impressing. — The Legal 500 Canada
Clients note, "The team is extremely commercially oriented and able to get to the crux of the issue right away." — Chambers Canada
Clients note, "The firm provides sound advice on various complex and time-sensitive transactions including explaining our options and the related pros and cons to each decision." — Chambers Canada
Clients note, the Goodmans team takes a "Pragmatic, commercial view towards getting the transaction closed in a smooth, efficient manner," adding "Partners remain deeply engaged through the transaction." — IFLR1000
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Clients remark, "#1 in senior housing sector expertise. #1 in helping network. Very professional and responsive. Great quality work.” — IFLR1000
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