/ Source: The Associated Press
Omega Healthcare Investors Inc., a real estate investment trust that finances long-term care facilities, said Tuesday it plans to sell 6.2 million of its shares in a public offering.
Financial terms weren't disclosed.
The company said it will grant underwriters a 30-day option to buy up to 930,000 additional shares to cover any over-allotments.
UBS Investment Bank is serving as book-running manager for the offer. Banc of America Securities LLC, Deutsche Bank Securities and Stifel Nicolaus are working as co-managers.
Omega shares declined 36 cents to close at $17.36 on the New York Stock Exchange.