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Omega Healthcare Investors plans sale of senior notes
By Lisa Kerner
Charlotte, N.C., June 30 – Omega Healthcare Investors, Inc. said it intends to sell senior notes in an amount to be determined.
Proceeds will be used to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including future acquisitions, according to a news release.
The notes will be senior unsecured obligations of Omega guaranteed by Omega’s existing and future subsidiaries, including OHI Healthcare Properties LP.
J.P. Morgan Securities LLC, BofA Merrill Lynch and Credit Agricole CIB will act as joint bookrunning managers.
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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