debt
confidence high
sentiment neutral
materiality 0.60
Sabra Health Care REIT issues $800M of 3.200% senior notes due 2031
Sabra Health Care REIT, Inc.
- Net proceeds ~$784M after underwriting discounts and expenses.
- Proceeds to redeem all 4.80% senior notes due 2024 and repay ~$345M of term loans.
- Notes mature Dec 1, 2031; interest 3.200% paid semi-annually.
- Notes are senior unsecured, guaranteed by Sabra; subordinated to secured debt.
- Entered amendment to underwriting agreement correcting typographical errors.