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Omega Healthcare to repay bank debt with stock proceeds
By Sara Rosenberg
New York, Sept. 16 - Omega Healthcare Investors Inc. plans to repay debt outstanding under its senior credit facility using proceeds from the sale of 6 million shares of its common stock, according to a news release.
Remaining proceeds will be used for working capital and general corporate purposes.
Omega is a Timonium, Md.-based real estate investment trust investing in and providing financing to the long-term care industry.
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