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Omega Prices $250 Million Senior Notes Offering

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Omega Healthcare Investors, Inc. (NYSE: OHI) announced today that it has priced a private offering of $250 million aggregate principal amount of 4.50% senior notes due 2025 at 99.131% of face value. The offering is expected to close on September 11, 2014, subject to customary closing conditions.

The notes will be unsecured senior obligations of the Company and will initially be guaranteed by each of the Company's subsidiaries that guarantee the Company's existing notes and credit agreement borrowings. The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons outside of the United States under Regulation S under the Securities Act.

The Company intends to use the net proceeds of the offering to repay a portion of its outstanding revolving credit facility borrowings and any remainder for general corporate purposes.

In connection with the private offering of the notes, the Company will agree to file a registration statement with the Securities and Exchange Commission relating to an offer to exchange the notes for publicly tradeable notes having substantially identical terms in accordance with published interpretations of the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of these securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

The notes to be issued in the offering have not been registered under the Securities Act, or any applicable state laws. Accordingly, the notes may not be offered or sold in the U.S. or to U.S. persons without registration or an applicable exemption under the Securities Act and applicable state securities laws.

The Company is a real estate investment trust investing in and providing financing to the long-term care industry. At June 30, 2014, the Company owned or held mortgages on 563 skilled nursing facilities, assisted living facilities and other specialty hospitals with approximately 63,733 licensed beds (61,353 available beds) located in 37 states and operated by 49 third-party healthcare operating companies. In addition, the Company has one facility currently held for sale.

Posted-In: News Offerings Press Releases


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