Sabra Health obtains amended, restated $2.2 billion credit facility

By Sarah Lizee

Olympia, Wash., Sept. 9 – Sabra Health Care REIT, Inc. said Sabra Health Care LP entered into an amended and restated unsecured $2.2 billion credit facility.

The amended facility reflects lower interest rate spreads for revolver borrowings of 15 basis points and for term loan borrowings of 20 bps, based on current credit ratings, according to a press release.

The amendment also improves debt maturities laddering by extending the maturity for the revolver to August 2023 from August 2021 and creates additional laddering of the term loans with various maturities through August 2024 from August 2022.

The borrowing capacity of the credit facility is unchanged and includes a $1 billion revolver, $1.1 billion in U.S. dollar term loans and a C$125 million Canadian dollar term loan.

Sabra Health Care is an Irvine, Calif., real estate investment trust specializing in the health care sector.

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