Sabra Health Care REIT Inc. amended a $2.2 billion unsecured credit facility, comprising a $1.0 billion revolver, $1.1 billion of U.S. dollar term loans and a C$125.0 million Canadian dollar term loan.
The amendment, entered into through Sabra Health Care LP, provides for lower interest rate spreads for revolver borrowings of 15 basis points and term loan borrowings of 20 basis points, and extends the due date for the revolver to August 2023 from August 2021.
The healthcare real estate investment trust said the amended facility also provides for additional laddering of its term loans with different maturities through August 2024, compared with previous maturity dates through August 2022.
