BORROWING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Borrowing Activities and Arrangements [Abstract]


		Annual
		Interest Rate
		as of
		December 31,		December 31,
	Maturity	2018		2018		2017
				(in thousands)
Secured borrowings:
HUD mortgages assumed December 2011	—	—		$	—	$	53,666
Deferred financing costs – net					—		(568)
Total secured borrowings – net(1)					—		53,098

Unsecured borrowings:
Revolving line of credit	2021	3.67	%		313,000		290,000

U.S. term loan	2022	3.97	%		425,000		425,000
Sterling term loan (2)	2022	2.18	%		127,990		135,130
Omega OP term loan(1)	2022	3.97	%		100,000		100,000
2015 term loan	2022	3.80	%		250,000		250,000
Discounts and deferred financing costs – net(3)					(4,264)		(5,460)
Total term loans – net					898,726		904,670

2023 notes	2023	4.375	%		700,000		700,000
2024 notes	2024	4.950	%		400,000		400,000
2025 notes	2025	4.500	%		400,000		400,000
2026 notes	2026	5.250	%		600,000		600,000
2027 notes	2027	4.500	%		700,000		700,000
2028 notes	2028	4.750	%		550,000		550,000
Other	2018	—			—		1,500
Subordinated debt	2021	9.000	%		20,000		20,000
Discount – net					(18,523)		(21,073)
Deferred financing costs – net					(22,581)		(26,037)
Total senior notes and other unsecured borrowings – net					3,328,896		3,324,390

Total unsecured borrowings – net					4,540,622		4,519,060

Total secured and unsecured borrowings – net(4)				$	4,540,622	$	4,572,158

(1)

These amounts represent borrowings that were incurred by Omega OP or wholly owned subsidiaries of Omega OP.

(2)

This borrowing is denominated in GBP.

(3)

The amount includes $0.4 million of net deferred financing costs related to the Omega OP term loan as of December 31, 2018.

(4)

All borrowing are direct borrowings of Omega unless otherwise noted.

Schedule of principal payments, excluding the premium/discount and the aggregate due thereafter


	(in thousands)
2019	$	—
2020		—
2021		333,000
2022		902,990
2023		700,000
Thereafter		2,650,000
Total	$	4,585,990

Schedule of refinancing related costs


	Year Ended December 31,
	2018		2017		2016
	(in thousands)
Write off of deferred financing costs and unamortized premiums due to refinancing (1)(2)	$	—	$	10,195	$	301
Prepayment and other costs associated with refinancing (3)		—		11,770		1,812
Total debt extinguishment costs	$	—	$	21,965	$	2,113

(1)

In 2017, we recorded (a) $4.7 million of write-offs of unamortized deferred costs associated with the early redemption of our 5.875% Notes and (b) $5.5 million of write-offs of unamortized deferred financing costs associated with the termination of the 2014 Omega Credit Agreement.

(2)

In 2016, we recorded $0.3 million of write-offs of unamortized deferred financing costs associated with three facilities that were acquired via a deed-in-lieu of foreclosure.

(3)

In 2017, we paid $11.8 million of prepayment penalties associated with the early redemption of our 5.875% Notes. In 2016, we purchased a $180 million mortgage term loan and paid a 1% premium of approximately $1.8 million to purchase the debt.