secwatch.observer — SEC 8-K summary
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Issuer:     Brookdale Senior Living Inc. (BKD)
CIK:        0001332349
Form:       8-K
Filed at:   2022-11-22T23:59:59+00:00
Accession:  0001193125-22-290230
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brookdale issues $125M of 7.00% tangible equity units; Amortizing Notes at 10.25%
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- Sold 2.5M Units at $50/unit ($125M gross); underwriters have option for 375k additional Units.
- Each Unit includes a purchase contract (settles into common stock by Nov 2025) and a 10.25% amortizing note.
- Purchase contract settlement rate: 12.9341–15.1976 shares per contract, based on stock price thresholds of ~$3.29 and ~$3.87.
- Units to list on NYSE under symbol 'BKDT' starting Nov 25, 2022.
- Proceeds to be used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332349/000119312522290230/0001193125-22-290230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332349/000119312522290230/d774364d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-290230

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