Omega Healthcare $200 million 10-year notes price talk 7-7¼%, to price Monday

By Paul A. Harris

St. Louis, March 12 - Price talk is 7% to 7¼% on Omega Healthcare Investors Inc.'s proposed $200 million offering of 10-year senior notes (BB-), a market source said.

The deal is expected to price on Monday.

Deutsche Bank Securities and UBS Investment Bank are the bookrunners on the Rule 144A offering.

Proceeds, along with a new $125 million credit facility, 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 the long-term care industry.

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