other material
confidence high
sentiment neutral
materiality 0.60
Sabra Health Care REIT establishes $500M ATM equity offering program with forward sale agreements
Sabra Health Care REIT, Inc.
- Up to $500M in common stock may be sold through agents or via forward sale agreements.
- Proceeds to be contributed to operating partnership for debt repayment, investments, or general corporate purposes.
- Forward sale agreements allow delayed settlement up to one year; company may cash or net share settle.
- Sales agents include 18 financial institutions such as Barclays, BofA, Citigroup, Morgan Stanley, and Wells Fargo.
- Compensation to agents up to $5M for issuance shares; forward purchasers get up to 1.5% commission.