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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