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BRIEF-Brookdale Announces Multi-Part Transaction With Ventas
REUTERS 9:24 AM ET 7/27/2020
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BKD 2.66up 0 (0%)
QUOTES AS OF 07:00:00 PM ET 07/24/2020
July 27 (Reuters) - Brookdale Senior Living Inc(BKD):
* BROOKDALE SENIOR LIVING INC(BKD) - ENTERED DEFINITIVE AGREEMENTS WITH VENTAS, INC. TO RESTRUCTURE ITS 120 COMMUNITY TRIPLE-NET MASTER LEASE ARRANGEMENTS
* BROOKDALE SENIOR LIVING INC(BKD) - HAS SOLD TO VENTAS FIVE ASSETS FORMERLY COLLATERALIZING VENTAS LOAN FINANCING IN FULL SATISFACTION OF LOAN
* BROOKDALE SENIOR LIVING INC(BKD) - WILL MANAGE COMMUNITIES FOLLOWING CLOSE OF ASSET SALE
* BROOKDALE SENIOR LIVING(BKD) - RECEIVES AN EXPECTED RENT REDUCTION OF ABOUT $500 MILLION OVER REMAINING AND UNCHANGED LEASE TERM, ENDING DEC 31, 2025 Source text for Eikon: Further company coverage:
(c) Copyright Thomson Reuters 2020. Click For Restrictions - https://agency.reuters.com/en/copyright.html
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