Brookdale Announces Successful Financing Transactions; Extends 2027 Non-Recourse Mortgage Debt Maturity and Extends and Expands Credit Facility

About this update from Brookdale Senior Living Inc.

BRENTWOOD, Tenn., July 6, 2026 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or "the Company") announced today that the Company recently completed two financing transactions, proactively addressing another portion of its 2027 debt maturities while also expanding and extending its revolving credit agreement. In June 2026, the Company obtained an aggregate of $188 million in loans from CBRE National Senior Housing through its Freddie Mac Optigo® loan origination program and repaid $200 million of outstanding mortgage debt secured by 22 communities previously scheduled to mature in 2027. The new loans are secured by non-recourse first lien mortgages on 13 communities, bear interest at a fixed rate of 5.97%, are interest only for the first five years, and mature in 2036. In June 2026, the Company also amended its revolving credit agreement with Capital One, National Association acting as Administrative Agent and Lead Arranger, Ally Bank as Documentation Agent, and CIBC Bank USA as a participating lender. The amended agreement provides an expanded commitment of up to $200 million, representing up to a $100 million increase from the existing facility. Available capacity under the facility will vary from time to time based upon certain calculations related to the appraised value and performance of the communities securing the credit facility, as well as the variable interest rate of the credit facility. The amended credit facility matures in April 2029, with options to extend the facility for two additional one-year terms, subject to the satisfaction of certain conditions. Amounts drawn under the facility bear interest at SOFR plus an applicable margin. The applicable margin varies based on the percentage of the total commitment drawn, with a 2.50% margin at utilization lower than 50% and a 2.25% margin at utilization equal to or greater than 50%. "We are pleased to have successfully and proactively refinanced an additional portion of our 2027 mortgage debt on attractive financial terms, extending our maturities while using fewer communities in the collateral pool," said Dawn Kussow, Brookdale's Chief Financial Officer. "Additionally, the expanded and extended revolving credit facility reflects the continued confidence our banking partners have in Brookdale's strategy, performance, and long-term prospects. We are thankful to each of these financial partners for their continued support." ABOUT BROOKDALE SENIOR LIVING Brookdale Senior Living Inc. is the nation's premier operator of senior living communities. With 541 communities across 41 states and the ability to serve approximately 46,000 residents as of June 30, 2026, Brookdale is committed to its mission of enriching the lives of seniors through compassionate care, clinical expertise, and exceptional service. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities, offering tailored solutions that help empower seniors to live with dignity, connection, and purpose. Leveraging deep expertise in healthcare, hospitality, and real estate, Brookdale creates opportunities for wellness, personal growth, and meaningful relationships in settings that feel like home. Guided by its four cornerstones of passion, courage, partnership, and trust, Brookdale is committed to delivering exceptional value and redefining senior living for a brighter, healthier future. Brookdale's stock trades on the New York Stock Exchange under the ticker symbol BKD. For more information, visit brookdale.com or connect with Brookdale on Facebook or YouTube .

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