Omega Healthcare closes $2.3 billion credit facility

Omega Healthcare Investors (NYSE: OHI) closed a new $2.3 billion senior unsecured credit facility and amended its existing $428.5 million term loan facility, the company announced. Both transactions were effective September 30, 2025.

The new credit facility comprises a four-year $2.0 billion revolving credit facility and a three-year $300 million delayed draw term loan facility. The arrangement replaced Omega's previous $1.45 billion revolving credit facility, which was scheduled to expire October 30, 2025.

The revolving credit facility is priced at Term SOFR plus 1.050% based on the company's debt ratings, plus a facility fee of 0.250%. The delayed draw term loan facility is priced at Term SOFR plus 1.200%. Both facilities include extension options and an accordion feature that allows Omega to expand borrowing capacity to $3.0 billion.

Omega plans to use the credit facility for refinancing existing debt, financing acquisitions, and funding working capital and other corporate purposes.

The company also amended its term loan agreement to reduce interest rate margins by 35 basis points to match the delayed draw term loan pricing and removed a 0.100% pricing step-up in extension periods.

The credit facility was supported by more than 20 financial institutions and was oversubscribed. Bank of America serves as administrative agent, while BofA Securities, JPMorgan Chase Bank and Wells Fargo Bank act as joint lead arrangers and bookrunners.

Omega is a real estate investment trust that invests in long-term healthcare properties, primarily skilled nursing and assisted living facilities across the United States and United Kingdom.

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