Omega Closes on Acquisition Line

Omega Healthcare Investors Inc., a real estate investment trust based in Timonium, Md., has closed on a $50 million acquisition line of credit.The new line, arranged by GE Healthcare Financial Services, will be secured by first liens on facilities acquired or assignments of mortgages made on new acquisitions, Omega said. The interest rate of 3.75% above the London interbank offered rate (with a 6% floor) is the same as that of Omega's existing credit facility. Omega also announced that it has re-leased six skilled-nursing facilities, sold two SNFs, and sold its investment in an Australian asset. The company can be found online at http://www.omegahealthcare.com.