other material
confidence high
sentiment neutral
materiality 0.65
Sabra Health Care REIT completes equity offering of 7.82M shares for ~$112.6M net proceeds to fund proposed $325M loan
Sabra Health Care REIT, Inc.
- Entered underwriting agreement Oct 12 to sell 6.8M shares at $14.40/share; underwriters exercised option for additional 1.02M shares.
- Total 7.82M shares issued Oct 15; net proceeds ~$112.6M.
- Proceeds to fund proposed $325M mortgage loan to Recovery Centers of America secured by eight inpatient addiction treatment centers.
- Alternatively, proceeds may be used for other investments or to repay revolver borrowings.