Sabra Health Care REIT (SBRA) Announces 6.8M Share Common Stock Offering
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Sabra Health Care REIT, Inc. Announces Public Offering of 6.8 Million Shares of Common Stock
October 12, 2021 4:05 PM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (Sabra) (Nasdaq: SBRA) announced today that it has commenced an underwritten public offering of 6.8 million shares of its common stock. Sabra intends to grant the underwriters a 30-day option to purchase up to 1.02 million additional shares of its common stock.
Sabra intends to use the net proceeds from the offering to fund a proposed $325 million mortgage loan to Recovery Centers of America secured by eight inpatient addiction treatment centers or other future investments, or to repay borrowings on its revolving credit... More
