secwatch.observer — SEC 8-K summary
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Issuer:     Brookdale Senior Living Inc. (BKD)
CIK:        0001332349
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001332349-24-000114
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brookdale issues $369.4M of 3.50% convertible notes due 2029, refinances 2026 notes
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- Issued $369.445M of 3.50% Convertible Senior Notes due 2029 in exchange for $206.703M of 2026 notes and $150M cash.
- Net cash proceeds ~$135M; to fund acquisitions and general corporate purposes.
- Conversion price initially $9.00 per share; holders can convert upon certain conditions.
- Registration Rights Agreement requires filing by Oct 25, 2024 for resale of underlying shares.
- $23.3M of 2026 notes remain outstanding with unchanged terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332349/000133234924000114/0001332349-24-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332349/000133234924000114/bkd-20241003.htm
  HTML page:      https://secwatch.observer/filing/0001332349-24-000114

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