KeyBanc Capital Markets-led syndicate completes $300 million Senior Notes offering by CareTrust

Client(s) KeyBanc Capital Markets Inc., BMO Capital Markets Corp., and Barclays Capital Inc.

Jones Day represented KeyBanc Capital Markets Inc., BMO Capital Markets Corp., and Barclays Capital Inc., as representatives of the several underwriters, in connection with the public offering by CTR Partnership, L.P. and CareTrust Capital Corp. of $300 million aggregate principal amount of 5.25% Senior Notes due 2025.

CTR Partnership, L.P. and CareTrust Capital Corp. are affiliates of CareTrust REIT, Inc., a self-administered, publicly-traded REIT engaged in the ownership, acquisition, development, and leasing of seniors housing and healthcare-related properties.

CareTrust intends to use a portion of the net proceeds from the offering to redeem all of its outstanding 5.875% Senior Notes due 2021 and the remaining proceeds to repay borrowings under its revolving credit facility and for general corporate purposes, including acquisitions.