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Brookdale Amends and Extends Corporate Line of Credit
Date:2/27/2009

NASHVILLE, Tenn., Feb. 27 /PRNewswire-FirstCall/ -- Brookdale Senior Living Inc. (NYSE: BKD) announced today that the Company and its lenders have entered into a Second Amended and Restated Credit Agreement. The amended credit agreement consists of a $230 million revolving loan facility and matures in August 2010. Additionally, the Company announced that it has recently closed on separate unsecured letter of credit facilities of up to $48.5 million in the aggregate. The letter of credit facilities mature in November 2011.

Bill Sheriff, Brookdale's CEO, commented, "We are very happy to have successfully completed these transactions. Accomplishing these financings in very challenging capital markets is a real testament to the fundamentals that underpin our core senior living business. With the transactions announced today, we have now extended all of our corporate-level financings that were due this year. In addition, we recently extended $88 million in mortgage debt initially due in 2009 by two years. We also expect to exercise our contractual extension options on an additional $131 million of mortgage debt due in 2009 when the options become exercisable in the second quarter. After these actions, we will have virtually no mortgage debt maturities until 2011 and believe that Brookdale will be well-positioned from a financial perspective."

About Brookdale

Brookdale Senior Living Inc. is a leading owner and operator of senior living communities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. Currently the Company owns and operates independent living, assisted living, and dementia-care communities and continuing care retirement
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SOURCE Brookdale Senior Living Inc.
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