Market Overview

Omega Healthcare Enters $700M Unsecured Credit Facility


Omega Healthcare Investors, Inc. (NYSE: OHI) today announced that it has entered into a new $700 million unsecured credit facility, comprised of a $500 million unsecured revolving credit facility (the “Revolving Credit Facility”) and a $200 million unsecured term loan facility (the “Term Loan Facility” and, collectively, the “2012 Credit Facilities”) effective December 6, 2012.

The 2012 Credit Facilities replace Omega's previous $475 million senior unsecured revolving credit facility (the “2011 Credit Facility”). The 2012 Credit Facilities include an “accordion feature” that permits the Company to expand its borrowing capacity by a combined $300 million, to a total of $1 billion.

Posted-In: News Financing


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