debt
confidence high
sentiment positive
materiality 0.65
Sabra Health Care REIT prices $800M 3.200% senior notes due 2031; to redeem $300M 4.800% notes
Sabra Health Care REIT, Inc.
- Offers $800M of 3.200% senior notes due 2031; closing expected Sep 30, 2021.
- Net proceeds to redeem all $300M of 4.800% senior notes due 2024 (redemption date Oct 7) and repay $345M term loans due 2023.
- Remaining proceeds for future investments or general corporate purposes; temporarily invest in short-term instruments.
- Issuer delivered irrevocable notice of redemption for 2024 Notes on Sep 22; callable with make-whole premium plus accrued interest.