March 16, 2020 / 11:56 AM / 15 days ago

BRIEF-Capital Senior Living - Reached Agreements With Ventas & Welltower For Immediate Rent Reductions And Early Terminations Of Its Master Leases

March 16 (Reuters) - Capital Senior Living Corp:

* CAPITAL SENIOR LIVING CORP - REACHED AGREEMENTS WITH VENTAS & WELLTOWER FOR IMMEDIATE RENT REDUCTIONS AND EARLY TERMINATIONS OF ITS MASTER LEASES

* CAPITAL SENIOR LIVING - AGREEMENTS FOLLOWS PREVIOUSLY ANNOUNCED EARLY TERMINATION OF CO’S HEALTHPEAK MASTER LEASE

* CAPITAL SENIOR LIVING CORP - EARLY TERMINATIONS & RENT REDUCTIONS EXPECTED TO IMPROVE CO’S CASH FLOW BY ABOUT $22.0 MILLION

* CAPITAL SENIOR LIVING CORP - EARLY TERMINATIONS AND RENT REDUCTIONS ARE EXPECTED TO REDUCE LEASE LIABILITIES BY APPROXIMATELY $253.0 MILLION Source text for Eikon: Further company coverage:

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