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Omega Healthcare Investors prices notes due 2029

A Hunt Valley real estate investment trust that invests in the long-term healthcare industry has priced a public offering of $500 million in debt.

Omega Healthcare Investors Inc. expects the settlement of its offering of 3.625% senior notes due 2029 to close Sept. 20.

The notes will have an issue price to the public of 98.542% and feature a fixed-rate coupon of 3.625% per year, payable on April 1 and Oct. 1 of each year, beginning in 2020.

The REIT expects to use the money raised from the offering to repay debt. If any money remains, the company plans to use it for general purposes.

 


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