Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, July 12, 1:28 PM
| This Slide: #579 of 666 |
Slide #579. Sabra Health Care REIT, Inc. — Preferred Stock Offering
| Company: | Sabra Health Care REIT, Inc. (NASDAQ:SBRA) |
| Date announced: | 3/21/2013 |
| Security type: | 7.125% Series A Cumulative Redeemable Preferred Stock (SBRA.PRA) |
| Shares Offered: | 5,750,000 |
| Price Per Share: | $25 |
| Preferred Stock Offering Details: | Sabra Health Care REIT, Inc. ("Sabra" or the "Company") (Nasdaq:SBRA) today announced the closing of an underwritten public offering of 5,750,000 shares of 7.125% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a price of $25.00 per share, pursuant to an effective registration statement, for net proceeds of approximately $138.2 million after deducting underwriting discounts and other estimated offering expenses. The 5,750,000 shares of the Company's Series A Preferred Stock includes the underwriters' exercise in full on March 20, 2013 of their option to purchase up to an additional 750,000 shares of the Company's Series A Preferred Stock. The Series A Preferred Stock is expected to be admitted for trading on the NASDAQ Global Select Market under the symbol "SBRA PA" within 30 days of the date of closing. |
Sabra Health Care REIT, Inc. is a self-managed real estate investment trust (REIT) that owns and invests in healthcare real estate. Its primary business involves acquiring, financing, and owning properties leased to third-party tenants in the healthcare sector. The portfolio includes skilled nursing facilities, senior housing communities, behavioral health facilities, specialty hospitals, and other healthcare properties. Sabra also engages in joint ventures, loans receivable, and preferred equity investments, with properties across the U.S. and Canada totaling around 37,834 beds/units.
Preferred: SBRAP
Open the SBRA Page at Preferred Stock Channel »Open the SBRA.PRA Page at Preferred Stock Channel for More Information About this Preferred »
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