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Sabra to use proceeds from new notes to repay notes, revolver
Chicago, Sept. 26 – Sabra Health Care LP and Sabra Capital Corp. plans to use proceeds from a new issue of notes for debt repayment, according to 424B5 filing with the Securities and Exchange Commission.
Specifically, the company plans to redeem all of its 2023 notes and repay borrowings outstanding on its revolving credit facility. The company may also invest in interest-bearing accounts and short-term interest-bearing securities.
The new notes will have a 10-year maturity.
Sabra is an Irvine, Calif.-based health-care real estate investment trust.
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