IRVINE, CA—Subsidiaries of Sabra Health Care REIT Inc. will offer $200 million aggregate principal amount of senior notes due 2023. BofA Merrill Lynch, Barclays, RBC Capital Markets, and Wells Fargo Securities are the book running managers, while Credit Agricole CIB and RBS Securities Inc. are co-managers.
Sabra will use some of the net proceeds to redeem up to $113.75 million of the 8.125 percent Senior Notes due 2018. The 2018 Notes will be redeemable at 108.125 percent of the principal amount being redeemed. Additional proceeds from the offering will be used to fund possible acquisitions and for general business purposes.