September 25, 2017 5:50 AM ET

Diversified Financial Services

Company Overview of Sabra Canadian Holdings, LLC

Company Overview

Sabra Canadian Holdings, LLC is a debt issuing vehicle. issues debt guaranteed by Sabra Health Care REIT, Inc. and Sabra Health Care Limited Partnership. The company was incorporated in 2015 and is based in Irvine, California. Sabra Canadian Holdings, LLC is a former subsidiary of Sabra Health Care REIT, Inc.

18500 Von Karman Avenue

Suite 550

Irvine, CA 92612

United States

Founded in 2015

Phone:

888-393-8248

Key Executives for Sabra Canadian Holdings, LLC

Chairman, President, & CEO
Age: 63
CFO, Secretary, Principal Accounting Officer, Executive VP, & Trustee
Age: 53
Compensation as of Fiscal Year 2017.

Sabra Canadian Holdings, LLC Key Developments

Sabra Health Care LP and Sabra Canadian Holdings LLC Amend Existing Credit Facility Under Deal Signed with Syndicate of Lenders Jan. 14, 2016

Sabra Health Care REIT Inc. said its Sabra Health Care LP and its Sabra Canadian Holdings LLC amended their existing credit facility under a deal signed with a syndicate of lenders Jan. 14, 2016. The amended credit facility consists of a revolving credit facility due Jan. 14, 2020, with two six-month extension options, and U.S.- and Canadian-dollar term loans due Jan. 14, 2021. The new facility increases the borrowing capacity under the existing revolver to $500 million from $450 million and boosts the U.S.- and Canadian-dollar term loans to the respective amounts of $245 million and CAD 125 million. As much as $125 million of the revolver may also be used for borrowings in certain foreign currencies. Subject to terms and conditions, the total available borrowings under the facility may also be expanded to $1.25 billion pursuant to an accordion feature. At the operating partnership's option, the revolver bears an annual interest rate equal to LIBOR plus 1.80% to 2.40%, or the base rate plus 0.80% to 1.40%. The U.S.-dollar term loan bears an annual interest rate equal to LIBOR plus 1.75% to 2.35%, or the base rate plus 0.75% to 1.35%, while the Canadian-dollar term loan bears an annual interest rate equal to the Canadian dollar offer rate plus 1.75% to 2.35%. The applicable percentage for the revolver and the term loans will be determined based on the consolidated leverage ratio. The borrowers will use the proceeds to refinance existing debt. The proceeds may also be used for general corporate purposes as permitted by law or the credit agreement, including the purchase of health care facilities or companies owning such facilities, working capital, dividends and capital expenditures. Sabra and certain of its subsidiaries guarantee the operating partnership's obligations under the facility. The lending group includes Bank of America NA as administrative agent, swing-line lender and L/C issuer; Citizens Bank NA and Credit Agricole Corporate and Investment Bank as co-syndication agents; BMO Harris Bank NA, Barclays Bank PLC, Compass Bank, Citibank NA, J.P. Morgan Chase Bank NA, Suntrust Bank and Wells Fargo Bank NA as co-documentation agents; and Merrill Lynch Pierce Fenner & Smith as joint lead arranger and sole book runner.

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Recent Private Companies Transactions

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Date
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