Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or "the Company") announced today that the Company has recently completed two financing transactions, which refinanced all of its remaining 2024 debt maturities. After giving effect to these transactions, the Company's next debt maturity without extension options is September 2025.
The Company has also made significant progress on a financing transaction involving eleven of its currently unencumbered owned communities, which it expects to complete in the coming months.
Additionally, in December 2023, the Company sold its remaining 20% equity interest in its Health Care Services unconsolidated venture and received aggregate proceeds of approximately $27 million in connection with the transaction. The Company previously decreased this investment upon a sale of a portion of the venture in November 2021.
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