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Omega Healthcare Investors Obtains $700 Million Unsecured Credit Facility

December 6, 2012

Kaye Scholer recently represented Omega Healthcare Investors, Inc. as the borrower in a $700 million unsecured syndicated credit facility with Bank of America, N.A., as Administrative Agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Arranger and Sole Book Manager. The unsecured credit facility is comprised of a $500 million unsecured revolving credit facility and a $200 million unsecured term loan facility and includes an “accordion feature” permitting Omega to expand its borrowing capacity to a total of $1 billion. Omega, a Maryland-based publicly traded REIT that invests in and provides financing to the long-term care industry, currently owns 460 healthcare facilities in 33 states. The Kaye Scholer team included Partner John Fallon and Associate John Csuka.

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