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Omega Healthcare draws down on revolver; MedEquities repays facility
By Wendy Van Sickle
Columbus, Ohio, May 17 – Omega Healthcare Investors, Inc. drew down $350 million on its revolving credit facility on Friday in connection with its acquisition of MedEquities Realty Trust, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Also as a result of the acquisition, MedEquities Realty Operating Partnership, LP fully repaid and terminated its Feb. 10, 2017 credit agreement with KeyBank, NA as administrative agent.
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.
MedEquities is a Nashville-based real estate investment trust that invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments.
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