Brookdale Arranges $330M LOC

February 13, 2006, 3:00 p.m. EST 1 Min Read

Brookdale Senior Living Inc., Chicago, has announced the establishment of a $330 million credit facility, of which $250 million is earmarked for acquisitions.The rest of the facility is devoted to working capital, Brookdale said. The company said it has committed to purchase $743 million in senior housing assets since its initial public offering in November 2005. The facility is provided by Lehman Brothers, Goldman Sachs, Citigroup, and LaSalle Bank. Brookdale can be found on the Web at http://www.brookdaleliving.com.

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