S&P: No change to Sabra Health

Standard & Poor's said the BB- issue rating on Sabra Health Care LP's 8 1/8% senior unsecured notes due November 2018 is unchanged by the company's $100 million add-on.

The notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured basis, by Sabra Healthcare REIT and certain of the company's other existing and, subject to certain exceptions, future material subsidiaries.

According to S&P, the company intends to use net proceeds from the offering to repay $42.5 million outstanding on its amended secured revolving credit facility and the to fund possible future acquisitions or for general corporate purposes.

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