Brookdale Senior Living Inc. Completes Issuance of $275 Million of its 2.75% Convertible Senior Notes Due 2018

Brookdale Senior Living Inc. announced that it has completed the issuance of $275 million in aggregate principal amount of its 2.75% Convertible Senior Notes due 2018 (Notes) in an underwritten public offering. Upon satisfaction of certain conditions, the Notes will be convertible into cash, shares of the Company's common stock, par value $0.01 per share, or a combination of cash and shares, at the Company's option, based on an initial conversion rate of 34.1006 shares of the Company's common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $29.325 per share of the Company's common stock. BofA Merrill Lynch, J.P. Morgan Securities LLC and RBC Capital Markets, LLC acted as joint book running managers for the offering of the Notes.