Omega Healthcare Investors, Inc. (OHI) today announced that it intends to offer $200 million aggregate principal amount of senior notes due 2022 in a private placement, subject to market and other conditions.
The company said that the Notes will be offered and sold to qualified institutional buyers and that it will use the net proceeds of the offering to repay borrowings under its senior revolving credit facility, for general corporate purposes and to pay related fees and expenses.
Shares of OHI fell $11 cents, or 0.50%, at last check to $21.92.
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