Sabra Health Care REIT (SBRA) Prices 6.8M Shares Offering
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Sabra Health Care REIT, Inc. Announces Pricing of Public Offering of 6.8 Million Shares of Common Stock
October 12, 2021 8:00 PM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (Sabra) (Nasdaq: SBRA) announced today the pricing of an underwritten public offering of 6.8 million shares of its common stock. Sabra granted the underwriters a 30-day option to purchase up to 1.02 million additional shares of its common stock.
The offering is expected to close on October 15, 2021 subject to customary closing conditions.
Total estimated gross proceeds of the offering are approximately $98.9 million or approximately $113.8 million if the underwriters exercise their option to purchase additional shares in full.
Sabra intends to use... More
