Daily News: February 5, 2019

Capital One Provides $250MM Facility to Brookdale Senior Living


Capital One served as lead arranger and sole bookrunner on an amended and restated agreement that provided Brookdale Senior Living with a $250 million senior secured revolving credit facility.

Brookdale is the leading operator of senior living communities in the United States. It operates 892 communities in 45 states that can provide independent living, assisted living, and dementia-care services for as many as 84,000 residents.

“We were pleased to have the opportunity to deepen our relationship with Brookdale and to help them fine tune their credit facility,” said Kristen Ahrens, senior manager at Capital One Healthcare. “The company has an unsurpassed reputation for providing the highest-quality service and care.”

“This agreement is a key component of our capital structure and helps us meet important strategy objectives such as maintaining flexibility, extending maturities, and diversifying our exposure to fixed and variable interest rates,” said George Hicks, Brookdale executive vice president and treasurer.

Capital One Healthcare provides financial services to customers across healthcare sectors, including senior housing, healthcare services, pharmaceuticals, medical devices, healthcare IT and medical offices.