brookdale senior living inc (BKD) Key Developments
Brookdale Seeks Acquisitions With $500 Million Credit Facility
Dec 23 14
Brookdale Senior Living Inc. (NYSE:BKD) is looking for acquisition opportunities. Brookdale has received a $500 million credit facility where GE HFS Holdings Inc. was the marketing agent and GE Capital Markets, Inc. was the sole lead arranger. The funds may be used to finance acquisitions, to fund working capital and capital expenditures, and for other general corporate purposes.
Brookdale Senior Living Inc. Entered into Amended and Restated $500 Million Credit Facility
Dec 22 14
Brookdale Senior Living Inc. announced that it has entered into an amended and restated $500 million credit facility with lenders led by GE Capital, Healthcare Financial Services, as administrative agent. The amended facility replaces the company's existing $250 million revolving credit facility and extends the maturity date from March 31, 2018 to January 3, 2020. The total commitment amount is comprised of a $100 million term loan drawn at closing and a $400 million revolving credit facility (with a $50 million sublimit for letters of credit and a $50 million swingline feature). The amended facility decreases the interest rate payable on drawn amounts and the fee payable on the unused portion of the facility.
Brookdale Seeks Acquisitions
Dec 22 14
Brookdale Senior Living Inc. (NYSE:BKD) is seeking acquisitions. Brookdale intends to use funds to finance acquisitions, to fund working capital and capital expenditures, and for other general corporate purposes.
Brookdale Senior Living Inc. Reports Capital Expenditure for the Third Quarter Ended September 30, 2014
Dec 16 14
Brookdale Senior Living Inc. reported capital expenditure for the third quarter ended September 30, 2014. For the quarter, the company reported net total capital expenditures of $70,694,000 against $57,868,000 for the same period in the last year. Total net debt was $3,471,508 as at September 30, 2014.
Brookdale Senior Living Completes the Creation of a Continuing Care Retirement Communities (CCRC) Joint Venture with HCP Inc
Nov 24 14
Brookdale Senior Living Inc. announced it had completed the creation of a continuing care retirement communities (CCRC) joint venture with HCP Inc.