Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Omega Healthcare Investors, Inc. > News item |
Omega Healthcare to repay bank borrowings with new deal proceeds
New York, March 28 – Omega Healthcare Investors, Inc. plans to repay its $200 million senior incremental term loan facility due June 27, 2017 and outstanding borrowings on its revolving credit facility using proceeds from an offering of new notes, according to a 424B2 filing with the Securities and Exchange Commission.
As of March 20, the company owed $173 million on the revolver.
The company will also use proceeds to redeem its $400 million of 5.875% senior notes due 2024.
Any remainder will be used for general corporate purposes.
Omega announced on Tuesday morning that it plans to sell new senior notes and an add-on tranche to its existing 4.5% senior notes due 2025.
Omega Healthcare is a Hunt Valley, Md. real estate investment trust specializing in health care facilities, primarily those delivering long-term care, in the United States and the United Kingdom.
© 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.