IRVINE, CA—The healthcare REIT enters into an amended and restated unsecured revolving credit facility and increases the borrowing capacity from its prior secured revolving credit facility from $375 million to $650 million.
By Carrie Rossenfeld|September 11, 2014 at 07:49 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
IRVINE, CA—Sabra Health Care Limited Partnership has entered into an amended and restated unsecured revolving credit facility and has increased the borrowing capacity form its prior secured revolving credit facility form $375 million to $650 million. The facility provides an accordion feature allowing for an additional $100 million of capacity, subject to customary terms and conditions, resulting in a maximum borrowing capacity of $750 million. The operating partnership also has an option to convert up to $200 million of the revolving credit facility to a term loan subject to terms and conditions.
Want to continue reading? Become a Free ALM Digital Reader.
Once you are an ALM digital member, you’ll receive:
Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
3 free articles* across the ALM subscription network every 30 days
Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In Now
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.