Omega Healthcare to pay down revolver with some proceeds of new notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 16 – Omega Healthcare Investors, Inc. plans to repay a portion of borrowings drawn under its revolving credit facility with proceeds from an offering of senior notes, according to a press release.

The company will also use proceeds to redeem all $575 million of its outstanding 6¾% senior notes due 2022. Any leftover amount will be used for general corporate purposes, Omega said.

Omega is a Hunt Valley, Md.-based real estate investment trust investing in and providing financing to the long-term-care industry.

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