By Devika Patel
Knoxville, Tenn., May 1 - Omega Healthcare Investors, Inc. said it has arranged a private placement of stock for $100 million.
The company will sell 5,906,674 common shares at $16.93 per share.
Cohen & Steers Capital Advisors, LLC is the agent.
Proceeds will be used to repay debt under the company's senior credit facility. Settlement is expected May 6.
Omega is a Timonium, Md.-based real estate investment trust investing in and providing financing to the long-term care industry.
| Issuer: | Omega Healthcare Investors, Inc.
|
| Issue: | Common stock
|
| Amount: | $99,999,990.82
|
| Shares: | 5,906,674
|
| Price: | $16.93
|
| Warrants: | No
|
| Agent: | Cohen & Steers Capital Advisors, LLC
|
| Pricing date: | May 1
|
| Settlement date: | May 6
|
| Stock symbol: | NYSE: OHI
|
| Stock price: | $17.50 at close April 30
|
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