Latham Advises on Upsizing and Maturity Extension of Welltower’s US$6.25 Billion Senior Unsecured Revolving Credit Facility

Welltower Inc. (NYSE: WELL) has announced that it has closed an amended US$6.25 billion senior unsecured revolving line of credit. The amendment and upsizing extend the company’s well‑staggered debt maturity profile and enhance flexibility while achieving a 15 bps improvement in pricing. Concurrent with the closing, the company repaid its existing US$1 billion term loan and CAD$250 million term loan with cash on hand.

Latham & Watkins LLP represented the lead arrangers in the financing with a banking team led by partners Alfred Xue and Jason Bosworth, with associates Jeff Najjar, Kendall Ota, and Sarineh Khachikian. Advice was also provided on tax matters by partner Ana O’Brien and counsel Kathryn Harrington.