Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Brookdale Senior Living Inc. incurred senior notes of initial principal amount of $8.8996 per Amortizing Note at 7.00% per year.
- Instrument
- senior notes
- Principal
- initial principal amount of $8.8996 per Amortizing Note
- Rate
- 7.00% per year
- Event
- incurrence
Exact text from the filing
a senior amortizing note issued by the Company (each, an “Amortizing Note”) with an initial principal amount of $8.8996 that pays quarterly installments of $0.8750 per Amortizing Note (except for the February 15, 2023 installment payment, which will be $0.8166 per Amortizing Note), which cash payment in the aggregate will be equivalent to 7.00% per year with respect to the $50.00 stated amount per Unit
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Brookdale Senior Living Inc. entered into Underwriting Agreement with BofA Securities, Inc. and Barclays Capital Inc., as representatives valued at $50.00 per Unit (effective 2022-11-16).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- BofA Securities, Inc. and Barclays Capital Inc., as representatives
- Value
- $50.00 per Unit
- Effective
- 2022-11-16
Exact text from the filing
On November 16, 2022, Brookdale Senior Living Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”), between the Company and BofA Securities, Inc. and Barclays Capital Inc., as representatives (the “Representatives”) of the several underwriters named in Schedule A thereto (the “Underwriters”), pursuant to which the Company agreed to sell 2,500,000 of its 7.00% tangible equity units (“Units”) at a public offering price of $50.00 per Unit (the “Units Offering”).
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