CareTrust REIT, Inc. Announces Offering of $400 Million in Senior Notes due 2028
SAN CLEMENTE, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq: CTRE) (CareTrust REIT) announced today that its wholly owned subsidiaries CTR Partnership, L.P. and a corporate co-issuer, CareTrust Capital Corp. (together, the Issuers), intend to offer, subject to market and other conditions, $400 million aggregate principal amount of senior unsecured notes due 2028 (the Notes) in a private offering. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the Securities Act). The Notes will be senior unsecured obligations of the Issuers and will be jointly and severally guaranteed by CareTrust REIT and CareTrust REITs existing and future subsidiaries (other than the Issuers) that guarantee obligations under CareTrust REITs credit facility. The interest rate and certain other terms of the Notes will be determined at the time of the pricing of the offering.
CareTrust REIT, Inc. Announces Offering of $400 Million in Senior Notes due 2028
SAN CLEMENTE, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq: CTRE) (CareTrust REIT) announced today that its wholly owned subsidiaries CTR Partnership, L.P. and a corporate co-issuer, CareTrust Capital Corp. (together, the Issuers), intend to offer, subject to market and other conditions, $400 million aggregate principal amount of senior unsecured notes due 2028 (the Notes) in a private offering. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the Securities Act). The Notes will be senior unsecured obligations of the Issuers and will be jointly and severally guaranteed by CareTrust REIT and CareTrust REITs existing and future subsidiaries (other than the Issuers) that guarantee obligations under CareTrust REITs credit facility. The interest rate and certain other terms of the Notes will be determined at the time of the pricing of the offering.