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BORROWING ACTIVITIES AND ARRANGEMENTS | 6 Months Ended
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Jun. 30, 2025
BORROWING ACTIVITIES AND ARRANGEMENTS [Abstract] |
BORROWING ACTIVITIES AND ARRANGEMENTS | NOTE 15 – BORROWING ACTIVITIES AND ARRANGEMENTS The following is a summary of our borrowings:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Annual |  | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Interest Rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | as of | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30, | ​ | ​ | June 30, | ​ | December 31,
​ |  | Maturity |  | 2025 |  | ​ | 2025 |  | 2024
​ |  | ​ |  | ​ |  | ​ | (in thousands)
Secured borrowings: |  |  |  |  |  | ​ | ​ |  |  | ​ |
2026 mortgage loan(1) |  | 2026 |  | 9.60 | % | ​ | $ | 251,624 | ​ | $ | 231,148
Deferred financing costs – net |  |  |  | ​ | ​ | ​ |  | (2,874) | ​ |  | (3,753)
Premium – net(2) |  |  |  |  | ​ | ​ |  | 12,192 | ​ |  | 15,915
Total secured borrowings | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 260,942 | ​ | ​ | 243,310
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unsecured borrowings: |  |  |  |  | ​ | ​ |  |  | ​ |  |
Revolving Credit Facility(3)(4) |  | 2025 |  | 5.64 | % | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | —
Senior notes and other unsecured borrowings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 notes(3)(5) |  | 2025 |  | 4.50 | % | ​ |  | — | ​ |  | 400,000
2026 notes(3) |  | 2026 |  | 5.25 | % | ​ |  | 600,000 | ​ |  | 600,000
2027 notes(3) |  | 2027 |  | 4.50 | % | ​ |  | 700,000 | ​ |  | 700,000
2028 notes(3) |  | 2028 |  | 4.75 | % | ​ |  | 550,000 | ​ |  | 550,000
2029 notes(3) |  | 2029 |  | 3.63 | % | ​ |  | 500,000 | ​ |  | 500,000
2030 notes(3) | ​ | 2030 | ​ | 5.20 | % | ​ | ​ | 600,000 | ​ | ​ | —
2031 notes(3) | ​ | 2031 | ​ | 3.38 | % | ​ | ​ | 700,000 | ​ | ​ | 700,000
2033 notes(3) | ​ | 2033 | ​ | 3.25 | % | ​ | ​ | 700,000 | ​ | ​ | 700,000
2025 Term Loan(3)(6) | ​ | 2025 |  | 5.60 | % | ​ |  | 428,500 | ​ |  | 428,500
OP Term Loan(7) |  | 2025 |  | N/A | ​ | ​ |  | — | ​ |  | 50,000
Deferred financing costs – net |  |  |  | ​ | ​ | ​ |  | (17,930) | ​ |  | (14,843)
Discount – net |  |  |  |  | ​ | ​ |  | (21,079) | ​ |  | (18,108)
Total senior notes and other unsecured borrowings – net |  |  |  |  | ​ | ​ |  | 4,739,491 | ​ |  | 4,595,549
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total unsecured borrowings – net |  |  |  |  | ​ | ​ |  | 4,739,491 | ​ |  | 4,595,549
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total secured and unsecured borrowings – net(8)(9) |  |  |  |  | ​ | ​ | $ | 5,000,433 | ​ | $ | 4,838,859
(1) | Wholly owned subsidiaries of Omega OP are the obligors on this borrowing. Loan is denominated in British Pounds Sterling (“GBP”).
(2) | Represents the remaining fair value adjustment associated with the 2026 mortgage loan, that was assumed as part of an asset acquisition in July 2024, that is being amortized over the remaining contractual term of the loan.
(3) | Guaranteed by Omega OP.
(4) | As of June 30, 2025 and December 31, 2024, there were no borrowings outstanding under Omega’s $1.45 billion senior unsecured multicurrency revolving credit facility (“Revolving Credit Facility”). The applicable interest rate on the USD tranche and on the GBP borrowings under the alternative currency tranche of the Revolving Credit Facility were 5.64% and 5.54%, respectively, as of June 30, 2025. In April 2025, the maturity date was extended from April 30, 2025 to October 30, 2025 following Omega’s election to utilize one of two six-month extension options.
(5) | The Company repaid $400 million of 4.50% senior notes that matured on January 15, 2025 using available cash.
(6) | The weighted average interest rate of the $428.5 million term loan (the “2025 Term Loan”) has been adjusted to reflect the impact of the interest rate swaps that effectively fix the SOFR-based portion of the interest rate at 4.047%. In July 2025, the maturity date of the 2025 Term Loan was extended from August 8, 2025 to August 8, 2026 following Omega’s election to utilize one of two 12-month extension options.
(7) | On April 29, 2025, Omega repaid the $50 million term loan (“OP Term Loan”) using available cash prior to its original maturity date. Omega OP was the obligor on this borrowing.
(8) | All borrowings are direct borrowings of Parent unless otherwise noted.
(9) | Certain of our other secured and unsecured borrowings are subject to customary affirmative and negative covenants, including financial covenants. As of June 30, 2025 and December 31, 2024, we were in compliance with all applicable covenants for our borrowings.
$600 Million Senior Note Issuance On June 20, 2025, Omega issued $600 million of Senior Notes due 2030 (the “2030 Senior Notes”) that mature on July 1, 2030 and bear interest at a fixed rate of 5.200% per annum, payable semi-annually on January 1 and July 1 of each year, commencing on January 1, 2026. The 2030 Senior Notes were sold at an issue price of 99.118% of their face value, resulting in a discount of $5.3 million. We incurred $5.6 million of deferred costs in connection with the issuance. The net proceeds from the issuance will be used for general corporate purposes, which may include, among other things, repayment of our existing indebtedness and future acquisition or investment opportunities in healthcare-related real estate properties and to pay certain fees and expenses related to the offering.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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