Omega Healthcare Investors, Inc. announced that it has closed a new four-year $1.45 billion senior unsecured revolving credit facility. The new credit facility was effective April 30, 2021. The Credit Facility replaced Omega’s previous $1.25 billion senior unsecured revolving credit facility which was maturing in May 2021. The Credit Facility is initially priced at LIBOR plus 120 basis points (a five basis point improvement from pricing under its previous unsecured credit facility) based on the Company’s debt ratings, plus a facility fee based on the same ratings (currently 25 basis points). Omega expects to use the Credit Facility for (a) refinancing existing indebtedness, (b) financing acquisitions, and (c) funding working capital, capital expenditures and other general corporate purposes. The Credit Facility matures on April 30, 2025, with two options by the Company to extend the maturity six additional months for each option. The Credit Facility includes an “accordion feature” that permits the Company to expand its borrowing capacity to an aggregate of not more than $2.5 billion.