Omega Healthcare firms details for offering of senior notes following investor calls

By Cristal Cody

Tupelo, Miss., Sept. 17 – Omega Healthcare Investors, Inc. (Baa3/BBB-/BBB-) is marketing new fixed-rate senior notes on Tuesday, according to a 424B5 filed with the Securities and Exchange Commission.

The notes will be fully and unconditionally guaranteed by subsidiary OHI Healthcare Properties LP.

Wells Fargo Securities LLC, BofA Securities, Inc., Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

The company held fixed income investor calls on Monday.

The notes will have make-whole and par calls.

Proceeds will be used to repay outstanding debt under the company’s credit facilities and for general corporate purposes.

Omega is a Hunt Valley, Md.-based real estate investment trust focused on the long-term-care industry.

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