Sabra Health Care REIT Inc. announced that its subsidiary, Sabra Health Care Limited Partnership, will redeem its entire $500 million principal amount of outstanding 5.125% Senior Notes due 2026 on July 31, 2025. The redemption will be executed at a price equal to 100% of the principal amount, along with any accrued and unpaid interest up to the redemption date, plus a Make-Whole Amount as defined in the notes. Following this redemption, the notes will no longer accrue interest or remain outstanding. The Limited Partnership plans to finance the redemption through a $500 million term loan.
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