secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001492298-25-000027
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000149229825000027/0001492298-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000149229825000027/sbra-20250730.htm
  HTML page:      https://secwatch.observer/filing/0001492298-25-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer