Brookdale Announces Election of Early Settlement of its Purchase Contracts

Core Viewpoint - Brookdale Senior Living Inc. has elected to settle all of its prepaid stock purchase contracts early, which is part of its 7.00% tangible equity units issued in November 2022 [1][2]. Group 1: Settlement Details - The company will issue 12.9341 shares of its common stock for each purchase contract on March 31, 2025, contingent upon the satisfaction of conditions set forth in the purchase contract agreement [2]. - The settlement price is based on the average daily volume-weighted average price of the company's common stock over the 20 trading days ending March 26, 2025 [2]. - Holders of tangible equity units or previously separated notes may require the company to repurchase their notes, including any accrued and unpaid interest, by April 23, 2025 [2]. Group 2: Company Overview - Brookdale Senior Living Inc. operates 647 senior living communities across 41 states, serving approximately 58,000 residents as of December 31, 2024 [4]. - The company offers various living arrangements, including independent living, assisted living, memory care, and continuing care retirement communities, focusing on enriching the lives of seniors [4]. - Brookdale emphasizes its commitment to delivering exceptional value and redefining senior living through its core values of passion, courage, partnership, and trust [4].