Omega Healthcare Investors agrees to sell common stock under equity distribution agreement with BofA Merrill Lynch

Mar 31 2010

Omega Healthcare Investors, Inc. (NYSE:OHI) today announced that it has agreed to sell shares of its common stock having an aggregate offering price of $33.3 million pursuant to a terms agreement entered into under the equity distribution agreement, dated June 12, 2009, between the Company and BofA Merrill Lynch in connection with the company's previously reported $100 million Equity Shelf Program. The Company intends to use the net proceeds of this offering for working capital and general corporate purposes. Closing of the sale of the remaining shares under the Equity Shelf Program is expected to occur on or about Tuesday, April 6, 2010, subject to customary closing conditions.

BofA Merrill Lynch is acting as the sole underwriter for the sale of the remaining shares under the Equity Shelf Program.

SOURCE Omega Healthcare Investors, Inc.