Omega Healthcare draws on credit facility for preferreds redemption

By Melissa Kory

Cleveland, March 8 - Omega Healthcare Investors, Inc. said it borrowed $103 million under its $320 million revolving senior secured credit facility to redeem all of its 8.375% series D redeemable preferred stock at $25 per share, according to an 8-K filed with the Securities and Exchange Commission.

The company also paid accrued dividends to the Monday redemption date.

Omega Healthcare 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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