Capital One Provides $250M Credit Facility to Brookdale

BRENTWOOD, Tenn. — Capital One has served as lead arranger and sole bookrunner on an amended agreement for Brookdale Senior Living’s revolving credit facility. 

Based in Brentwood, Brookdale (NYSE: BKD) is the largest operator of senior living communities in the United States. It operates 892 communities in 45 states that can provide independent living, assisted living and memory care services for as many as 84,000 residents.

“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,” says George Hicks, Brookdale’s executive vice president and treasurer.