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Brookdale Announces Completion of Follow-On Offering
Date:6/8/2009

NASHVILLE, Tenn., June 8 /PRNewswire-FirstCall/ -- Brookdale Senior Living Inc. (NYSE: BKD) (the "Company") today announced the closing of its previously disclosed public offering of 13,953,489 shares of common stock, at a public offering price of $10.75 per share. The underwriters in the offering exercised in full their option to purchase 2,093,023 additional shares of common stock from the Company at the public offering price, resulting in net proceeds to the Company from the offering of approximately $164 million.

The Company has used a portion of the net proceeds from the offering to repay the $125 million of indebtedness that was outstanding under its credit agreement, and will use the remainder for working capital and other general corporate purposes.

As previously announced, in conjunction with the offering and at the Company's request, the Company's credit agreement was recently amended to, among other things, reduce the maximum revolving loan commitment to $75 million, eliminate the requirement for mandatory prepayments, and increase the Company's flexibility to make acquisitions and capital expenditures and to incur letters of credit and other liens.

Goldman, Sachs & Co., Barclays Capital Inc. and Merrill Lynch & Co. acted as Joint Book-Running Managers and as representatives for the underwriters of this offering.

The shares of common stock were offered and sold pursuant to a prospectus supplement, dated June 2, 2009, and related prospectus, dated May 22, 2009, each filed with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlaw
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SOURCE Brookdale Senior Living Inc.
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