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Brookdale Announces New Corporate Line of Credit
Date:2/23/2010

The new facility matures on June 30, 2013 and is secured by a first priority security interest in certain of the Company's properties.  The commitment will be limited to $80 million pending finalization of documentation for the remaining $20 million commitment, which is expected within the next week. The availability under the line may vary from time to time as it is based on borrowing base calculations related to the value and performance of collateral securing the facility.  

Bill Sheriff, Brookdale's CEO, commented, "We are pleased that GE Capital has agreed to provide this financing for Brookdale.  The new facility provides us with increased flexibility and capacity which will be instrumental in Brookdale's future growth."

"GE's healthcare industry expertise enables us to continue to support our customers' growth opportunities and help them meet their business goals," said Brian Beckwith, senior managing director for GE Capital, Healthcare Financial Services' real estate group.

About Brookdale


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SOURCE Brookdale Senior Living Inc.
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