NEW YORK, Dec. 16, 2019 /PRNewswire/ -- Welltower Inc.
(NYSE: WELL) today announced that it has successfully closed its
first green bond offering of $500
million of senior notes due February 2027. The
proceeds will be used to fund renewable energy, water conservation,
energy efficiency, and green building projects in compliance with
the Company's Green Bond Framework, which was reviewed and verified
by Sustainalytics, a leading global independent provider of
Environment, Social and Governance ("ESG") research and ratings.
Pending such use, the proceeds will be used to repay advances under
the Company's unsecured credit facility. Welltower is the
first U.S. health care real estate investment trust to complete a
public green bond offering.
Wells Fargo, Deutsche Bank and
Credit Agricole served as joint book-running managers for the
offering.
2019 has been a capstone year for Welltower's ESG
initiatives. In the past twelve months the Company has made
the following significant ESG announcements:
- Named to top quintile of Newsweek's inaugural America's Most
Responsible Companies list
- Achieved ISS ESG Prime status
- Named to 2019 Dow Jones Sustainability World Index for second
consecutive year
- Named Energy Star Partner of the Year
- Received GRESB Green Star for sustainability performance for
fifth consecutive year
"Welltower recognizes the importance of environmental challenges
and our responsibility to our partners, residents and shareholders
to be a strong corporate advocate for best ESG practices," said
Thomas J. DeRosa, Welltower's
Chairman and CEO. "We believe this inaugural green bond
offering rounds out what has been a year of very significant ESG
achievements at Welltower and is an indication of the strength of
our commitment going forward."
Forward-Looking Statements
This press release may contain "forward-looking" statements as
defined in the Private Securities Litigation Reform Act of
1995. When Welltower uses words such as "may," "will,"
"intend," "should," "believe," "expect," "anticipate," "project,"
"estimate" or similar expressions that do not relate solely to
historical matters, it is making forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause Welltower's
actual results to differ materially from Welltower's expectations
discussed in the forward-looking statements. This may be a
result of various factors, including, but not limited to, those
factors discussed in Welltower's reports filed from time to time
with the SEC. Welltower undertakes no obligation to update or
revise publicly any forward-looking statements, whether because of
new information, future events or otherwise, or to update the
reasons why actual results could differ from those projected in any
forward-looking statements.
About Welltower
Welltower Inc. (NYSE: WELL), an S&P 500
company headquartered in Toledo, Ohio, is driving the
transformation of health care infrastructure. The Company invests
with leading seniors housing operators, post-acute providers and
health systems to fund the real estate infrastructure needed to
scale innovative care delivery models and improve people's wellness
and overall health care experience. Welltower™, a real estate
investment trust (REIT), owns interests in properties concentrated
in major, high growth markets in the United
States, Canada and the United Kingdom, consisting of
seniors housing, post-acute communities and outpatient medical
properties. For more information, visit www.welltower.com.
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SOURCE Welltower Inc.