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Brookdale Senior Living Inc(BKD-N)
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Brookdale Announces Favorable Lease Amendments

PR Newswire - Mon May 8, 2023

Replaces Unique Financial Covenant, Extends Lease with Positive Coverage, and Further Improves Brookdale's Cash Flow and Liquidity

NASHVILLE, Tenn., May 8, 2023 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced that it has entered into revised agreements under each of its three triple-net leases with Welltower Inc. (NYSE: WELL) ("Welltower") to eliminate a unique financial covenant, provide up to $17 million of additional lessor-funded capital investments, and extend a positive-covering lease.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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