Sabra Health Care REIT to pay down revolver via stock issue proceeds

By Susanna Moon

Chicago, May 6 - Sabra Health Care REIT, Inc. said it plans to repay debt under its revolving credit facility using proceeds of a public stock offering.

The company plans to offer 7 million shares with a 30-day option for another 1.05 million shares.

Proceeds also 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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