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United States

Omega Healthcare announces closing of new and amended senior unsecured credit facilities


Tuesday, 30 May 2017 09:16am EDT 

May 30 (Reuters) - Omega Healthcare Investors Inc ::Omega announces closing of new and amended senior unsecured credit facilities; Acquisition and lease of 18 facilities in UK; Corrects market rumor related to signature healthcare.Has entered into a new $1.8 billion senior unsecured revolving and term loan credit facility.Overall syndication of REIT credit facilities and OHI LP credit facility raised commitments of over $2.8 billion..Entered into an amended and restated $250 million senior unsecured term loan credit facility.REIT credit facilities replace Omega's previous $2 billion senior unsecured revolving credit and term loan credit facility.Unit entered into a new $100 million senior unsecured term loan credit facility.REIT credit facilities include feature that permits co to expand borrowing capacity to aggregate of not more than $2.5 billion.Unit's new credit facility replaces its previous $100 million senior unsecured term loan credit facility.Revolving credit facility matures on May 25, 2021, with 2 options to extend maturity 6 additional months for each option.For three month period ending June 30, 2017, co expects to record a one-time, non-cash charge of about $5.5 million.