Welltower Inc. Announces $7.5 Billion At-The-Market Equity Offering

Welltower Inc. has entered into an equity distribution agreement to offer and sell shares of its common stock with an aggregate sales price of up to $7.5 billion. The shares may be sold through various sales agents and forward sellers, including BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, among others. The company may also enter into forward sale agreements with forward purchasers. The offering is registered under the company's automatic shelf registration statement on Form S-3. The company will not receive proceeds from the sale of borrowed shares but expects to receive proceeds upon physical settlement of forward sale agreements. The shares will be sold through methods permitted by law, including on the New York Stock Exchange. The company has also filed prospectus supplements for the resale of shares and for the issuance of shares related to the redemption of Class A common units of Welltower OP LLC.