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Sabra Health Care REIT units to redeem $200M of 2023 notes

A pair of Sabra Health Care REIT Inc. units aim to fully redeem for cash $200.0 million of their outstanding 5.375% senior notes due 2023 at a price of 101.792% of the notes' principal amount plus applicable interest.

The redemption date is set at Oct. 27, and the total redemption price, including applicable interest, will be approximately $208.0 million.

The healthcare real estate investment trust recently said it aims to fund the redemption using proceeds from its offering of 3.900% senior unsecured notes due 2029.

Wells Fargo Bank NA is the trustee.