Omega intends to sell fixed-rate senior notes via four bookrunners

By Devika Patel

Knoxville, Tenn., March 3 – Omega Healthcare Investors, Inc. plans to offer fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and then a par call.

J.P. Morgan Securities LLC, BofA Securities Inc., Credit Agricole CIB and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to repay borrowings under the company’s credit facilities and to fund a tender offer for up to $250 million of the company’s $700 million of 4.375% senior notes due 2023. The remainder, if any, will be used for general corporate purposes.

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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