Sabra Health Care to redeem up to $113.75 million of 8 1/8% notes

By Tali David

Minneapolis, May 20 - Sabra Health Care LP and Sabra Capital Corp. plan to use the proceeds from a senior note offering to redeem up to $113.75 million of their 8 1/8% senior notes due 2018, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be redeemable at 108.125% plus accrued interest to the redemption date.

The remaining proceeds will be used to fund possible future acquisitions or for general corporate purposes.

Sabra Health Care is an Irvine, Calif.-based real estate investment trust that owns and invests in real estate properties for the health-care industry.

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