August 31, 2017 / 10:41 PM / 23 days ago

BRIEF-Brookdale announces completion of financing transaction

Aug 31 (Reuters) - Brookdale Senior Living Inc

* Brookdale announces completion of financing transaction

* Brookdale Senior Living-entered into credit facility with Jones Lang LaSalle Multifamily,providing $975.0 million in loans pursuant to Fannie Mae’s DUS program

* Brookdale - credit facility refinanced $618.9 million outstanding mortgage debt, including $389.9 million of debt which was scheduled to mature in 2018

* Brookdale Senior Living-‍plan to repay co’s largest remaining outstanding 2018 maturity, co’s $316.3 million convertible senior notes, using cash on hand​ Source text for Eikon: Further company coverage:

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