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Published on 10/13/2010 in the Prospect News Bank Loan Daily.

Omega Healthcare cancels $100 million term loan with GE Capital

By Sara Rosenberg

New York, Oct. 13 - Omega Healthcare Investors Inc. terminated its $100 million five-year term loan, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

GE Capital was the agent on the deal.

In connection with the termination, which was done on Oct. 6, the company repaid the outstanding principal amount of the loan plus a prepayment premium of $3 million.

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


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