Brookdale Senior Living wrapped up 2021 with a pair of significant moves; completing a $100 million refinancing and prepaying substantially all of its remaining 2022 maturities.
“By proactively prepaying substantially all remaining 2022 maturities early, we will save several million dollars of negative carry,” Brookdale Executive Vice President and CFO Steven Swain said.
Brookdale plans to refinance newly unencumbered communities with lower-leverage mortgage debt. Read more.
