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Omega Healthcare Investors Obtains $200 Milllion Unsecured Credit Facility

December 27, 2013

Kaye Scholer recently represented Omega Healthcare Investors, Inc. as the borrower in a $200 million unsecured credit facility with Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as sole lead arranger and sole book manager. The unsecured credit facility is comprised of a $200 million unsecured term loan facility and includes an “accordion feature” permitting Omega to expand its borrowing capacity to a total of $400 million. Omega, a Maryland-based publicly traded REIT that invests in and provides financing to the long-term care industry, currently owns 477 healthcare facilities in 33 states. The Kaye Scholer team included Partner John Fallon and Associate John Csuka. 

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