Omega Healthcare in talks to refinance existing credit facility

By Sara Rosenberg

New York, May 8 - Omega Healthcare Investors Inc. has been in discussions with potential lenders about replacing its existing credit facility that matures in March 2010, according to a 10-Q filed with the Securities and Exchange Commission on Friday.

The company expects to be able to refinance the facility, but the new deal will likely have a lower total amount available and higher pricing.

Omega Healthcare is a Hunt Valley, Md.-based real estate investment trust that invests primarily in long-term health care facilities.

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