Business
Brookdale Announces Successful Refinancing Transaction; Extends 2027 Non-Recourse Mortgage Debt Maturity
Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or "the Company") announced today the Company completed a successful refinancing transaction from KeyBank's real estate business through its Freddie Mac loan origination program, effectively extending a significant portion of the Company's 2027 debt maturities.
About this update from Brookdale Senior Living Inc.
[{"type":"text","content":"BRENTWOOD, Tenn., April 2, 2026 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or "the Company") announced today the Company completed a successful refinancing transaction from KeyBank's real estate business through its Freddie Mac loan origination program, effectively extending a significant portion of the Company's 2027 debt maturities.","length":391,"tagName":"p"},{"type":"image","alt":"Brookdale Announces Date of Second Quarter Earnings Release and Conference Call (PRNewsfoto/Brookdale Senior Living Inc.)","displaySize":"","headline":null,"caption":"Brookdale Announces Date of Second Quarter Earnings Release and Conference Call (PRNewsfoto/Brookdale Senior Living Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":105,"url":"https://media.zenfs.com/en/prnewswire.com/239adc078e3613630cf197832bd65640"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ON33BKLkM9gT9P0a.7ahDQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4NQ--/https://media.zenfs.com/en/prnewswire.com/239adc078e3613630cf197832bd65640","width":400,"height":105}},"href":"https://mma.prnewswire.com/media/687685/Brookdale_Senior_Living_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"On March 31, 2026, the Company obtained an aggregate $185 million of debt on seven communities and repaid $191 million of outstanding mortgage debt secured by 11 communities previously scheduled to mature in March 2027. The principal amounts of the new loans are secured by non-recourse first mortgages, bear interest at a fixed rate of 5.38%, are interest only for the first two years, and mature in April 2033.","length":412,"tagName":"p"},{"type":"text","content":""Brookdale continues to address its debt maturities proactively, and this refinancing extends a portion of our 2027 maturities by six years to 2033 at economically similar terms," said Dawn Kussow, Brookdale's Chief Financial Officer. "This refinancing demonstrates the continued confidence our lending partners have in Brookdale's business, communities, and long-term strategy. We extend our gratitude to Freddie Mac and KeyBank for their continued support and partnership."","length":503,"tagName":"p"},{"type":"text","content":"ABOUT BROOKDALE SENIOR LIVING","length":29,"tagName":"p"},{"type":"te...