Omega Healthcare Investors Inc. on December 27, 2013 entered into a new $200 million senior unsecured, deferred draw, term loan facility. The 2013 term loan facility matures on February 29, 2016. The 2013 Term Loan Facility is being provided pursuant to a credit agreement, dated as of December 27, 2013, among Omega, as borrower, certain of Omega's subsidiaries identified in the 2013 credit agreement, as guarantors, Bank of America, N.A., as the initial lender, and Bank of America, N.A., as administrative agent for the 2013 Term Lenders.

Omega's obligations in connection with the 2013 Term Loan Facility are jointly and severally guaranteed by Omega's current subsidiaries (other than those designated as "unrestricted subsidiaries") for the benefit of the administrative agent and the 2013 Term Lenders. Additional subsidiaries created or acquired by Omega in the future (unless designated as unrestricted subsidiaries) will also be required to guarantee Omega's obligations in connection with the 2013 Term Loan Facility, if such future subsidiaries own unencumbered real property or guarantee other unsecured funded debt.