Omega Announces Closing of New $475M Unsecured Revolving Credit Facility

By Eddie Staley
Benzinga Staff Writer
August 16, 2011 4:30 PM

Symbols: OHI

Omega Healthcare Investors, Inc. (NYSE: OHI) today announced that it has entered into a new $475 million revolving unsecured credit facility effective August 16, 2011.

The New Credit Facility replaces Omega's previous senior secured credit facility. The New Credit Facility matures in four years, on August 17, 2015. The New Credit Facility includes an “accordion feature” that permits the Company to expand its borrowing capacity to $600 million.

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Omega Announces Closing of New $475M Unsecured Revolving Credit Facility

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