Omega Healthcare redeems remaining $6 million 7% notes at 102.333

By Marisa Wong

Madison, Wis., March 30 - Omega Healthcare Investors, Inc. redeemed all of its remaining outstanding 7% senior notes due 2016 on Tuesday, according to an 8-K filed Friday with the Securities and Exchange Commission.

The notes were redeemed at 102.333 plus accrued interest to the redemption date, for a total purchase price of $6,306,966.40.

As previously reported, Omega accepted for purchase about $169 million of the 7% notes on March 19 as part of a tender offer and consent solicitation. Following that, about $6 million of the notes remained outstanding.

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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