Notes will be senior unsecured obligations of Omega guaranteed by
Omega’s existing and future subsidiaries that guarantee certain
unsecured indebtedness for money borrowed of Omega.
Fargo Securities, BofA Merrill Lynch, Credit Agricole CIB, J.P. Morgan,
and Morgan Stanley are acting as joint bookrunning managers for the
offering of the Notes.
2029 Notes will mature on October 1, 2029, have an issue price to the
public of 98.542% and feature a fixed-rate coupon of 3.625% per annum,
payable semiannually on April 1 and October 1 of each year, beginning on
April 1, 2020.
For Q2-09 OHI reported net income of $75.7 million or $0.34 per common share. OHI also reported Funds From Operations for the quarter of $157.2 million or $0.71 per common share, Adjusted Funds From Operations of $169.2 million or $0.77 per common share, and Funds Available For Distribution of $150.6 million. OHI paid a $0.66 per share quarterly common stock dividend.
OHI's adjusted EBITDA to total interest expense ratio and adjusted EBITDA to fixed charges as of June 30, 2019 were 4.4x and 4.1x, respectively.
For Q2-19, OHI had Net total debt of 4,700,018
Q2-19, the Interest expense - net was 50,539
Multiplying that expense by four to get an annualized number, the "interest expense to debt" ratio was 4.30%.
Context - prior bond offerings
On 09/15/19 HTA priced a $250 million offering of existing 3.500%
senior unsecured notes due 2026 and a $650 million offering
of 3.10% senior unsecured notes due 2030 The 2026 Notes were priced at 103.660% of the principal amount
plus accrued interest from August 1, 2019, with a re-offer yield of 2.889%
On 08/14/19 LTC announced today that it locked rate under a private shelf agreement
with PGIM, Inc. (the investment
management business of Prudential Financial) on $100 million of
senior unsecured notes with a coupon of 3.85%. The notes will have an
average life of 10.5 years
On 07/17/19 MPW priced of $900.0 Million of 4.625% Senior Notes Due 2029
On 06/20/19 HCP priced $650 million of 3.25% senior unsecured notes due 2026 and $650 million of 3.50% senior unsecured notes due 2029
On 04/29/19 Moody’s announced that it upgraded the corporate family credit rating of CTRE. to Ba2 from Ba3, with a stable outlook.
On 05/21/19 SBRA priced $300 million of 4.80% senior notes due 2024.
On 04/01/19 CHCT $75 million term loan. CHCT has entered into interest rate swap agreements that fix the interest
rates on the 3-year term loan at 3.85%, the 5-year term loan at 4.18%
and on the 7-year term loan at 4.29%, depending on CHCT's
leverage, through the maturity date of each respective term loan.
On 02/08/18 SNH priced $500 million of 4.75%
Senior Notes due 2028.
On 02/19/19 VTR priced $400 million of 3.50% Senior Notes due 2024.
On 10/31/18 HCP that S&P Global Ratings upgraded its corporate credit rating to BBB+ from BBB, with a stable outlook.
On 09/17/18 NHI announced a $300 million bank term loan with a five-year maturity. The term loan’s variable
interest will initially be set at 30-day LIBOR plus 125 bps.
On 08/16/18 WELL priced $600 million in 3.95% notes due 2023, $200 million in 4.25% notes due 2028, and $500 million in 4.95% notes due 2048.
On 08/06/18 VTR priced $750 million of 4.40% Senior Notes due 2029.
On 04/24/18 S&P Global Ratings raised its corporate credit rating on CTRE
to BB- from B+, with a “stable” outlook. At the same time, the rating
agency raised its issue-level rating on the company's senior unsecured
notes to BB from BB-.
On 04/10/18 WELL priced $550 million of 4.25% senior unsecured notes 2028.
On 02/13/18 VTR priced $650 million of 4.00% Senior Notes due 2028.
On 01/03/18 SBRA announced today that Fitch Ratings issued a Spotlight Series report on
December 21, 2017 highlighting Sabra’s BBB- rating that was affirmed on
September 26, 2017.
On 11/28/17 DOC priced $350.0 million of 3.95% senior unsecured notes due 2028.
On 11/27/17 HR priced $300 million of 3.625%
senior unsecured notes due January 2028.
On 09/17/17 MPW priced $1.4 Billion of 5.00% Senior Notes Due 2027.