GE Capital’s Healthcare Financial Services said it has helped arrange a $500 million credit facility for Brookdale Senior Living Inc. HFS is administrative agent and GE Capital Markets is sole lead arranger on the transaction.
It was not immediately clear what the loan would be used for, but GE Capital said it may be used for acquisitions, working capital or capital expenditures. Brookdale has nearly 1,150 independent living, assisted living, dementia care and continuing care retirement centers in 46 states.
“This is our largest transaction together thus far,” noted James Seymour, senior managing director of GE Capital, Healthcare Financial Services’ real estate financing team.
This article originally appeared on McKnight's