HUNT VALLEY, Md.--(BUSINESS WIRE)--Omega Healthcare Investors, Inc. (NYSE: OHI) announced today that it has priced an aggregate principal amount of $700 million of 4.375% Senior Notes due 2023 pursuant to a public offering. Omega expects to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility and the remainder will be used for general corporate purposes, including future acquisitions.
The Notes will be senior unsecured obligations of Omega guaranteed by Omega’s existing and future subsidiaries (including OHI Healthcare Properties Limited Partnership) that guarantee indebtedness for money borrowed of Omega.
J.P. Morgan, BofA Merrill Lynch, Credit Agricole CIB and Stifel are acting as the joint book-running managers for the Notes offering.
Omega is a real estate investment trust investing in and providing financing to the long-term care industry. As of March 31, 2016, Omega has a portfolio of investments that includes over 900 properties located in 42 states and the United Kingdom and operated by 83 different operators.
