July 11, 2024
Gibson, Dunn & Crutcher LLP advised Welltower Inc. and Welltower OP LLC in a private offering of $1.035 billion aggregate principal amount of Welltower OP’s 3.125% Exchangeable Senior Notes due 2029. The notes are fully and unconditionally guaranteed by Welltower Inc. and are exchangeable into shares of common stock of Welltower Inc. under certain circumstances and during certain periods. The offering closed on July 11, 2024. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as representatives of the initial purchasers for the offering.
The Gibson Dunn corporate team was led by partners Andrew Fabens and Stewart McDowell and included associates Lawrence Lee, Sarah Ediger, Ian Mathenge and Lily Paulson Stephens. Partner Brian Kniesly and associate Adam Gregory advised on tax aspects.