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Sabra Health Care REIT units net $296M in senior notes offering

Sabra Health Care REIT Inc. units completed a $300.0 million offering of 4.80% senior notes due 2024, raising approximately $296.0 million in net proceeds.

The healthcare real estate investment trust will use the net proceeds, along with borrowings under its unsecured revolving credit facility, mainly to fully redeem its outstanding 5.5% senior notes due 2021.

Wells Fargo Bank NA was the trustee.