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Omega Healthcare Investors to raise $300M in public offering

A Hunt Valley real estate investment trust that invests in the long-term healthcare industry plans to raise $300 million through a stock sale.

Omega Healthcare Investors Inc. has agreed to sell 7.5 million shares of common stock to BofA Merrill Lynch or its affiliate, with an option to sell an additional 1.125 million shares, in a forward sale agreement, Omega announced. BofA Merrill Lynch or its affiliate is expected to borrow from third parties, and sell the stock to the underwriters.

If Omega has any net proceeds from the agreement, it intends to use the money to finance a previously announced pending acquisition, with any remaining proceeds to be used for general purposes.


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