Omega Healthcare - OHI STOCK NEWS

Omega Healthcare Investors (NYSE:OHI) announced its 2021 Annual Meeting of Stockholders set for June 3, 2021, at 10:00 a.m. Stockholders of record by April 6, 2021, can participate. This year’s meeting will be held virtually to enhance accessibility and comply with health guidelines amid the coronavirus pandemic. Omega, a real estate investment trust, focuses on long-term healthcare investments, primarily in skilled nursing and assisted living facilities across the US and UK, utilizing a triple-net lease structure.

Omega Healthcare Investors (NYSE: OHI) announced the terms of its tender offer to purchase up to $350 million of its 4.375% Senior Notes due 2023. The tender offer, which expires on March 30, 2021, follows an earlier announcement on March 3, 2021. The total consideration for each $1,000 principal amount of Notes validly tendered before the early tender time is based on a fixed spread plus the yield of a U.S. Treasury reference security. Due to oversubscription, only a portion of the validly tendered notes will be accepted, with a proration rate of approximately 79.41%.

Omega Healthcare Investors (OHI) reported early results for its tender offer to purchase up to $350 million of its 4.375% Senior Notes due 2023. As of March 16, 2021, the company accepted $350 million of notes, with $441.61 million tendered. The offer, which started on March 3, 2021, allows holders to receive a Total Consideration based on market conditions. The Tender Offer expires at 11:59 p.m. on March 30, 2021. Financing conditions have been met, and payments for validly tendered notes will occur shortly. A comprehensive offer document is available for interested parties.

Omega Healthcare Investors (NYSE: OHI) has acquired Connected Living, a technology platform enhancing communication in senior living. This partnership aims to foster connections among residents, family, and staff, addressing the heightened demand for virtual engagement post-pandemic. CEO Taylor Pickett emphasized the significance of human interaction in resident care, while Connected Living's co-founder Sarah Hoit expressed excitement over the collaboration to make a social impact. As a wholly-owned subsidiary, Connected Living will leverage Omega's global reach to innovate solutions benefiting aging communities.

Omega Healthcare Investors (NYSE: OHI) and Maplewood Senior Living celebrate the opening of Inspīr Carnegie Hill, a luxury senior living community in Manhattan. This innovative facility offers exceptional health and wellness amenities, integrating modern design with advanced technology. Residents will receive world-class care through partnerships with renowned cultural institutions and healthcare providers, including Mount Sinai. The community features upscale amenities such as a heated saltwater pool, fine dining, and immersive activities.

Omega Healthcare Investors (NYSE: OHI) has announced the pricing of a public offering of $700 million in 3.250% Senior Notes due 2033. The offering is expected to settle on March 10, 2021. Proceeds will be used to repay existing borrowings and fund a tender offer for its 4.375% Senior Notes due 2023. J.P. Morgan, BofA Securities, Credit Agricole, and Wells Fargo are managing the offering, with a fixed-rate coupon of 3.250%, payable semiannually.

On March 3, 2021, Omega Healthcare Investors (NYSE: OHI) announced an amendment to its tender offer for its 4.375% Senior Notes due 2023, increasing the total from $250 million to $350 million. All other terms of the tender offer remain unchanged. The offer will expire at 11:59 p.m. on March 30, 2021, with an early tender deadline of 5:00 p.m. on March 16, 2021. Holders who tender their notes early will receive a premium plus accrued interest. The offer is subject to certain conditions including a financing condition.

Omega Healthcare Investors (NYSE: OHI) announced a tender offer to purchase up to $250 million of its 4.375% Senior Notes due 2023, with a total principal amount outstanding of $700 million. The tender offer expires on March 30, 2021, at 11:59 p.m. New York City Time. Holders who tender their notes by March 16, 2021, will receive an early tender premium of $30 per $1,000 principal amount. The offer is subject to specific conditions, including a financing condition, and is not subject to minimum tender conditions.

Omega Healthcare Investors reported strong financial results for Q4 2020, with net income of $63.1 million, up from $61.1 million YoY, and revenues of $263.8 million compared to $246.7 million in the prior year. The company also achieved NAREIT FFO of $173.3 million, a slight decrease from $175.5 million in Q4 2019. Notable developments include a $510 million acquisition of 24 senior living facilities and over 99% rent collection in January 2021, despite challenges from COVID-19. The company reinstated its dividend reinvestment plan and declared a dividend of $0.67 per share.