secwatch.observer — SEC 8-K summary
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Issuer:     OMEGA HEALTHCARE INVESTORS INC (OHI)
CIK:        0000888491
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0000888491-23-000027
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Omega Healthcare closes $400M unsecured term loan, swaps to fix rate at 5.565%
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- Term loan of $400M matures August 8, 2025, with two 12-month extension options.
- Fixed-for-floating swaps fix SOFR at 4.015%; all-in fixed rate 5.565% through August 6, 2027.
- Proceeds for healthcare property acquisitions, refinancing, capex, and general corporate purposes.
- Interest rate margins range from 0.85% to 1.85% for SOFR advances, based on debt ratings.
- Credit agreement includes customary covenants: max leverage, minimum fixed charge coverage, etc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/888491/000088849123000027/0000888491-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/888491/000088849123000027/ohi-20230808x8k.htm
  HTML page:      https://secwatch.observer/filing/0000888491-23-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer