CareTrust REIT, Inc. Announces Pricing of $400 Million in Senior Notes due 2028
SAN CLEMENTE, Calif., June 03, 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"), priced their private offering of $400 million aggregate principal amount of senior unsecured notes due 2028 (the "Notes"). The Notes were 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 REIT''s existing and future subsidiaries that guarantee obligations under CareTrust REIT''s credit facility (other than the Issuers). The Notes will mature on June 30, 2028, and will bear interest at a rate of 3.
CareTrust REIT, Inc. Announces Pricing of $400 Million in Senior Notes due 2028
SAN CLEMENTE, Calif., June 03, 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"), priced their private offering of $400 million aggregate principal amount of senior unsecured notes due 2028 (the "Notes"). The Notes were 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 REIT''s existing and future subsidiaries that guarantee obligations under CareTrust REIT''s credit facility (other than the Issuers). The Notes will mature on June 30, 2028, and will bear interest at a rate of 3.