Brookdale Senior Living Inc. (NYSE: BKD) announced recently that certain funds managed by affiliates of Fortress Investment Group LLC (the "Fortress stockholders") intend to offer in an underwritten offering 11,000,000 shares of the Company's common stock. The Fortress stockholders are also expected to grant the underwriter a 30-day option to purchase up to 1,100,000 additional common shares.
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The Company will not sell any shares in the offering and will not receive any of the proceeds from the offering. The offering is being made pursuant to a shelf registration statement filed with the Securities and Exchange Commission, which became effective on May 22, 2009. A preliminary prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission. BofA Merrill Lynch will act as sole book-running manager for the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Preliminary Prospectus Department or email. Brookdale Senior Living Inc. is a leading owner and operator of senior living communities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. Currently the Company owns and operates independent living, assisted living, and dementia-care communities and continuing care retirement centers, with 547 communities in 35 states and the ability to serve approximately 52,000 residents.
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