Sabra Health Care REIT Announces Redemption of $500 Million Senior Notes

Strategic Insights -

Sabra Health Care REIT, Inc. has announced the redemption of its $500 million 5.125% Senior Notes due 2026, with a redemption price of 100% of the principal amount plus accrued and unpaid interest. This move is part of the company's effort to refinance its debt and optimize its capital structure. The redemption is expected to be funded by a $500 million term loan, and the company has already sent a notice to all currently registered holders of the notes.

The redemption will take place on July 31, 2025, and will result in the cancellation of all outstanding notes. Holders of the notes will receive the redemption price on the redemption date, which includes the face value of the notes plus accrued interest. This development is a significant move by Sabra Health Care REIT to manage its debt and improve its financial position.

Key Takeaways:

  • Sabra Health Care REIT has announced the redemption of $500 million 5.125% Senior Notes due 2026, which will be redeemed at a price of 100% of the principal amount plus accrued and unpaid interest.
  • The redemption is expected to be funded by a $500 million term loan, which will be used to retire the outstanding notes.
  • The redemption will take place on July 31, 2025, and will result in the cancellation of all outstanding notes.
  • Holders of the notes will receive the redemption price on the redemption date, which includes the face value of the notes plus accrued interest.
  • This development is a significant move by Sabra Health Care REIT to manage its debt and improve its financial position.
  • The company has sent a notice to all currently registered holders of the notes, informing them of the redemption.
  • The redemption is expected to have a positive impact on the company's financial performance, as the company will no longer be obligated to pay interest on the outstanding notes after the redemption date.

Statistics:

  • $500 million: The face value of the outstanding 5.125% Senior Notes due 2026 that will be redeemed.
  • 100%: The percentage of the principal amount that will be included in the redemption price.
  • $500 million: The amount of the term loan that will be used to fund the redemption.
  • July 31, 2025: The date on which the redemption will take place.
  • 2025: The year in which the redemption is expected to occur.

Sources:

  • FORM 8-K (Current Report) filed by Sabra Health Care REIT, Inc. with the U.S. Securities and Exchange Commission on June 30, 2025.