Omega Healthcare increases revolver by $25 million, adds new collateral

By Sara Rosenberg

New York, Dec. 3 - Omega Healthcare Investors Inc. decided to make use of the accordion feature contained in its revolving credit facility on Thursday, increasing the size of the facility by $25 million to $200 million, according to an 8-K filed with the Securities and Exchange Commission Friday.

In return for the added liquidity, Omega agreed to pledge six additional real property assets as collateral.

Bank of America is administrative agent.

Omega is a Timonium, Md., real estate investment trust that invests in income-producing healthcare facilities.

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