Sabra Health Care enters $500M term loan, redeems $500M 5.125% notes due 2026

Sabra Health Care REIT, Inc.

Entered $500M unsecured term loan maturing July 30, 2030; accordion allows increase to $1B subject to conditions.
Interest at ratings-based margin (0.80-1.60% for SOFR) plus SOFR; swaps fix SOFR at 3.44%, effective rate 4.64% through 2030.
Redeemed all $500M of 5.125% Senior Notes due 2026 at 100.575% plus accrued interest, funded with term loan proceeds.
Loan contains customary covenants including max leverage, min coverage, and unsecured leverage ratios; guaranteed by Sabra REIT and subsidiaries.

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