--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-002031" form_type: "8-K" ticker: "SBRA" cik: "0001492298" company_name: "Sabra Health Care REIT, Inc." filed_at: "2023-01-05T23:59:59+00:00" generated_at: "2026-06-20T19:33:40.896256+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.4 calibrated_materiality_score: 0.4 confidence: "high" source: SEC EDGAR --- # Sabra Health Care REIT renews credit facility with $1.0B revolver and $580M in term loans ## Summary - Sixth amended credit agreement: $1.0B revolver maturing Jan 2027 with two six-month extensions. - $430M USD term loan and $150M CAD term loan (~$110M USD) both mature Jan 2028. - Pricing consistent with prior facility; revolver spread 110 bps, term loan spread 125 bps at close. - Accordion feature allows capacity increase up to $2.75B subject to terms. - CEO says renewal improves debt maturity profile, pushing next material maturity to Aug 2026. ## SEC filing metadata - accession: 0001193125-23-002031 - form_type: 8-K - ticker: SBRA - cik: 0001492298 - company_name: Sabra Health Care REIT, Inc. - filed_at: 2023-01-05T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.4 - calibrated_materiality_score: 0.4 - confidence: high - sec_items: 1.01, 2.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1492298/000119312523002031/0001193125-23-002031-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492298/000119312523002031/d425254d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-002031 - JSON: https://secwatch.observer/filing/0001193125-23-002031.json - Plain text: https://secwatch.observer/filing/0001193125-23-002031.txt ## Key facts - Debt Financings Sabra Health Care REIT, Inc. amended term loan of CAD $150.0 million Canadian dollar term loan with Bank of America, N.A. at The Canadian dollar Term Loan bears interest on the outstanding principal amount maturing January 4, 2028. - Instrument: term loan - Principal: CAD $150.0 million Canadian dollar term loan - Counterparty: Bank of America, N.A. - Rate: The Canadian dollar Term Loan bears interest on the outstanding principal amount - Maturity: January 4, 2028 - Event: amendment source text: the Credit Agreement. The Credit Agreement includes a $1.0 billion revolving credit facility (the “Revolving Credit Facility”), a $430.0 million U.S. dollar term loan and a CAD $150.0 million Canadian dollar term loan (collectively, the “Term Loans”). The Prior Credit Agreement included a $1.0 billion revolving credit facility, $1.1 billion in U.S. dollar term loans evidence_url: https://www.sec.gov/Archives/edgar/data/1492298/000119312523002031/0001193125-23-002031-index.htm - Debt Financings Sabra Health Care REIT, Inc. amended term loan of $430.0 million U.S. dollar term loan with Bank of America, N.A. at The ratings-based applicable interest margin for borrowings will vary based on t maturing January 4, 2028. - Instrument: term loan - Principal: $430.0 million U.S. dollar term loan - Counterparty: Bank of America, N.A. - Rate: The ratings-based applicable interest margin for borrowings will vary based on t - Maturity: January 4, 2028 - Event: amendment source text: have the meanings set forth for such terms in the Credit Agreement. The Credit Agreement includes a $1.0 billion revolving credit facility (the “Revolving Credit Facility”), a $430.0 million U.S. dollar term loan and a CAD $150.0 million Canadian dollar term loan (collectively, the “Term Loans”). The Prior Credit Agreement included a $1.0 billion revolving credit evidence_url: https://www.sec.gov/Archives/edgar/data/1492298/000119312523002031/0001193125-23-002031-index.htm - Debt Financings Sabra Health Care REIT, Inc. amended revolving credit of $1.0 billion revolving credit facility with Bank of America, N.A. at Borrowings under the Revolving Credit Facility bear interest on the outstanding maturing January 4, 2027. - Instrument: revolving credit - Principal: $1.0 billion revolving credit facility - Counterparty: Bank of America, N.A. - Rate: Borrowings under the Revolving Credit Facility bear interest on the outstanding - Maturity: January 4, 2027 - Event: amendment source text: September 9, 2019. Capitalized terms used but not defined in this Item 1.01 have the meanings set forth for such terms in the Credit Agreement. The Credit Agreement includes a $1.0 billion revolving credit facility (the “Revolving Credit Facility”), a $430.0 million U.S. dollar term loan and a CAD $150.0 million Canadian dollar term loan (collectively, the “Term evidence_url: https://www.sec.gov/Archives/edgar/data/1492298/000119312523002031/0001193125-23-002031-index.htm - Material Agreements Sabra Health Care REIT, Inc. amended Credit Agreement with certain lenders and agents valued at $1.0 billion revolving credit facility, a $430.0 million U.S. dollar term loan and a CAD $150.0 mill (effective 2023-01-04). - Action: amendment - Agreement: credit facility - Counterparty: certain lenders and agents - Value: $1.0 billion revolving credit facility, a $430.0 million U.S. dollar term loan and a CAD $150.0 mill - Effective: 2023-01-04 source text: On January 4, 2023, Sabra Health Care Limited Partnership, of which Sabra Health Care REIT, Inc. (“Sabra”) is the sole general partner (the “Operating Partnership”), and Sabra Canadian Holdings, LLC, also a wholly owned subsidiary of Sabra (together, the “Borrowers”), and the other parties thereto entered into a sixth amended and restated unsecured credit agreement (the “Credit Agreement”) with certain lenders as set forth therein; Bank of America, N.A., as Administrative Agent and L/C Issuer; Citizens Bank, National Association, Crédit Agricole Corporate and Investment Bank and Wells Fargo Bank, National Association, as Co-Syndication Agents and L/C Issuers; The Bank of Nova Scotia, Fifth Third Bank, JPMorgan Chase Bank, N.A., Keybank National Association, Mizuho Bank, Ltd., and Truist Bank, as Co-Documentation Agents; BofA Securities, Inc., as Joint Lead Arranger and Sole Bookrunner; and Citizens Bank, National Association, Crédit Agricole Corporate and Investment Bank and Wells Farg evidence_url: https://www.sec.gov/Archives/edgar/data/1492298/000119312523002031/0001193125-23-002031-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.