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

Omega Healthcare Investors, Inc. (OHI) announced today that it has priced an offering of $700 million senior unsecured notes due 2033.  The notes were priced at a discount to yield 3.320%, or +185 basis points to the treasury curve.  Omega said that proceeds from the offering would be used to retire a sterling denominated term loan, and provide funding for the partial redemption of its 4.375% senior notes due 2023.  The notes are expected to be rated Baa3 by Moody's and BBB- by S&P.

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

03/03/2021