10/15/2025 | Press release | Distributed by Public on 10/15/2025 14:16
Item 1.02 Termination of a Material Definitive Agreement.
On October 15, 2025, Omega Healthcare Investors, Inc. ("Omega") redeemed all of the $600 million aggregate principal amount of its outstanding 5.250% Senior Notes due 2026 (the "Notes"). The Notes were originally issued under an Indenture dated as of September 23, 2015, as amended and supplemented, or the Indenture, by and among Omega, certain of its subsidiaries, as guarantors, and U.S. Bank Trust Company, National Association, as Trustee.
As previously reported, on September 15, 2025, at Omega's direction, the Trustee gave notice to the holders of the Notes of Omega's election to redeem all of the Notes on October 15, 2025. On October 15, 2025, Omega irrevocably deposited $607,875,000 with the Trustee for application to the payment of the redemption price of the Notes. The redemption price consisted of 100% of the principal amount of the Notes, plus accrued and unpaid interest on such notes to, but not including, the date of redemption.
As a result of the foregoing, the obligations of Omega and its subsidiary guarantors under the Notes, the Indenture governing the Notes and the related subsidiary guarantees were terminated, and the Indenture was discharged. Notwithstanding the satisfaction and discharge of the Notes, the Indenture and the subsidiary guarantees, certain customary provisions of the Indenture relating to the compensation and indemnification of the Trustee and the application of trust money survive.
U.S. Bank Trust Company, National Association has performed corporate trust services for Omega from time to time, for which it has received customary compensation, and may do so again in the future.