Sabra Health Care to repay revolver debt with senior notes proceeds

By Sara Rosenberg

New York, July 23 - Sabra Health Care REIT Inc. plans to repay $42.5 million outstanding on its amended secured revolving credit facility using proceeds from a senior notes offering, according to a news release.

The offering was initially sized at $75 million but was later increased to $100 million.

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 healthcare industry.

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