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Brookdale Senior Living Refinances $300 Million in 2027 Debt
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Brookdale Senior Living Refinances $300 Million in 2027 Debt
Dec 23, 2024 2:44 PM

05:23 PM EST, 12/23/2024 (MT Newswires) -- Brookdale Senior Living ( BKD ) refinanced more than $300 million of 2027 debt maturities while increasing liquidity.

The new loan, which bears interest at a fixed rate of 6.14%, is interest only for the first two years and matures in January 2032, the company said Monday in a statement.

Brookdale obtained a $344.2 million loan under an August 2017 credit facility on Dec. 20 and used the net proceeds to repay $312.5 million of variable rate debt due September 2027.

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