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Key Developments: Brookdale Senior Living Inc (BKD.N)

BKD.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Brookdale Senior Living Inc gives Q4 2014 revenue guidance above analysts' estimates
Monday, 26 Jan 2015 09:00am EST 

Brookdale Senior Living Inc:Estimates Q4 2014 consolidated total revenue was about $1.253 billion.Q4 2014 revenue of $1.227 billion - Thomson Reuters I/B/E/S.  Full Article

Brookdale Senior Living Inc reiterates FY 2015 CFFO guidance
Wednesday, 5 Nov 2014 05:23pm EST 

Brookdale Senior Living Inc:Reiterates its preliminary guidance for FY 2015 CFFO in a range of $2.95 to $3.10 per share.FY 2015 FFO of $3.05 - Thomson Reuters I/B/E/S.  Full Article

Brookdale announces pricing of public offering of 8,955,223 shares of common stock
Tuesday, 9 Sep 2014 07:00am EDT 

Brookdale Senior Living Inc:Pricing of its public offering of 8,955,223 shares of its common stock at price of $33.50 per share.Raising gross proceeds of $300.0 mln and net proceeds of about $287.1 million, after deducting the underwriting discounts and commissions and estimated offering expenses.Size of the offering has been increased from 8,750,000 shares to 8,955,223 shares.In connection with the offering, the Company has granted the underwriters of the offering an option for 30 days to purchase up to an additional 1,343,283 shares of its common stock.BofA Merrill Lynch and Goldman, Sachs & Co. are acting as joint book-running managers for the offering and CSCA Capital Advisors, LLC and RBC Capital Markets are acting as co-managers for offering.Intends to use net proceeds from offering to finance exercise of purchase options on certain communities leased by Company, to repay certain outstanding indebtedness with weighted average interest rate of 7.3 pct and.For other general corporate purposes, which may include additional debt repayments and the acceleration of capital investments in Company's communities and corporate infrastructure platform.  Full Article

Brookdale Senior Living Inc announces public offering of 8,750,000 shares of common stock
Monday, 8 Sep 2014 04:09pm EDT 

Brookdale Senior Living Inc:Announces that it plans to offer to the public 8,750,000 shares of its common stock.Expects to grant the underwriters an option for 30 days to purchase up to an additional 1,312,500 shares of its common stock.BofA Merrill Lynch and Goldman, Sachs & Co. will serve as joint book-running managers for the offering and CS Capital Advisors, LLC and RBC Capital Markets will serve as co-managers for the offering.Intends to use the net proceeds from the offering to finance the exercise of purchase options on certain communities currently leased by the company.  Full Article

Brookdale and HCP completes $1.2 bln CCRC joint venture and amendment of former emeritus leases
Tuesday, 2 Sep 2014 08:00am EDT 

Brookdale Senior Living Inc:Announced closing of their previously disclosed multiple-element transaction, including: i) creation of a $1.2 bln strategic joint venture initially owning a portfolio of 14 entry fee CCRCs.and ii) amendments to the triple-net leases on 202 HCP-owned senior housing communities formerly operated by Emeritus Corporation, which was acquired by Brookdale in July 2014.As previously announced, concurrent with closing, HCP invested $324 mln of cash into the CCRC joint venture, which was used to acquire four communities representing four of the 14 campuses that initially constitute the venture.Brookdale will continue to manage the communities in CCRC portfolio.  Full Article

BRIEF-Brookdale reports Q1 loss per share $0.26

* FY2016 earnings per share view $2.50, revenue view $5.02 billion -- Thomson Reuters I/B/E/S