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Omega Healthcare Investors Obtains $1.2 Billion Unsecured Credit Facility

June 27, 2014

Kaye Scholer recently represented Omega Healthcare Investors, Inc. as the borrower in a $1.2 billion 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 runner. The unsecured credit facility is comprised of a $1 billion 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 $1.75 billion. Omega, a Maryland-based publicly traded REIT that invests in and provides financing to the long-term care industry, currently owns 563 healthcare facilities in 37 states. The Kaye Scholer team included Partner John Fallon, Associate John Csuka and Partner Christopher Peterson.

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