Omega Healthcare (OHI) prices $700 million senior notes offering.

Omega Healthcare Investors, Inc. (OHI) said today that it has priced an offering of $700 million 3.375% senior unsecured notes due 2031.  The notes were priced at a discount to yield 3.580%, or +280 basis points to the treasury curve.  Omega is rated Baa3/BBB- by Moody's and S&P, respectively.

Established in 1992, Omega Healthcare is an equity REIT focusing on the acquisition and ownership of long-term care facilities. The company's portfolio includes approximately 981 lease and mortgage investments in 40 states and the United Kingdom, with concentrations in skilled nursing facilities (84%) and assisted living properties (16%). OHI has a total market capitalization of approximately $12.2 billion and trades as a component of the S&P MidCap 400 index.

https://www.sec.gov/Archives/edgar/data/888491/000110465920112896/lg_omega-cmyk.jpg

10/07/2020