Omega Healthcare to repay revolver debt with stock proceeds

By Sara Rosenberg

New York, Nov. 14 - Omega Healthcare Investors Inc. plans to repay borrowings under its revolving credit facility using proceeds from a proposed stock offering, according to 424B5 filed with the Securities and Exchange Commission Monday.

Net proceeds from the stack sale are estimated to be $52.1 million.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.