Brookdale To Secure $200M Loan

Brookdale Senior Living is seeking to secure a credit facility worth $200 million.

Brookdale Senior Living is seeking to secure a credit facility worth $200 million. The new agreement will replace the senior residence operator’s existing loan worth $120 million. The administrative agents for the deal are GE Capital, Healthcare Financial Services, while Royal Bank of Canada, Bank of America and Mubadala GE Capital are the lenders under the line of credit. GE Capital Markets has arranged the financing. The new credit facility will mature on Jan.31, 2016.

Click here for the release from PR Newswire.