Omega Healthcare announces $200 million refinancing deal

By Paul A. Harris

St. Louis, Feb. 23 - Omega Healthcare Investors plans to sell $200 million of notes, the company said in a news release Monday.

Deutsche Bank Securities and UBS Investment Bank will be joint bookrunners on the Rule 144A offering, according to a market source.

Proceeds will be used to repay the company's senior secured credit facility due 2007, to redeem its 9¼% Series A preferred stock, and for general corporate purposes.

The company is a Timonium, Md.-based real estate investment trust that invests in and provides financing to the long-term care industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.