other material
confidence high
sentiment neutral
materiality 0.65
Omega Healthcare enters $2B at-the-market equity offering program, terminates prior ATM
OMEGA HEALTHCARE INVESTORS INC
- New ATM sales agreement allows issuance of up to $2B in common stock through 24 agents including Wells Fargo, BofA, J.P. Morgan, Morgan Stanley.
- Prior $2B ATM agreement dated Sept 6, 2024 terminated concurrently with new program.
- Sales agents entitled to compensation up to 2.0% of gross sales price; forward sales also permitted.
- Company expects physical settlement but may elect cash or net share settlement under forward agreements.