Omega Healthcare to repay revolver borrowings with notes proceeds

By Sara Rosenberg

New York, Feb. 4 - Omega Healthcare Investors Inc. plans to repay outstanding debt under its senior revolving credit facility using proceeds from a $200 million senior notes offering, according to a news release.

Remaining proceeds will be used to repay mortgage debt assumed in connection with the company's recent acquisition of 40 facilities and for general corporate purposes.

Omega is a Hunt Valley, Md.-based real estate investment trust investing in and providing financing to the long-term care industry.

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