Brookdale Senior Living Inc. (NYSE: BKD) completed a refinancing transaction that extends a portion of its 2027 debt maturities to 2033, according to a company statement.

The senior living operator obtained $185 million in new debt on seven communities on March 31, 2026, and used the proceeds to repay $191 million of outstanding mortgage debt secured by 11 communities that was scheduled to mature in March 2027.

The new loans are secured by non-recourse first mortgages and carry a fixed interest rate of 5.38%. The loans are interest-only for the first two years and mature in April 2033.

The refinancing was completed through KeyBank's real estate business via its Freddie Mac loan origination program.

"Brookdale continues to address its debt maturities proactively, and this refinancing extends a portion of our 2027 maturities by six years to 2033 at economically similar terms," said Dawn Kussow, Brookdale's Chief Financial Officer.

Brookdale operates 568 senior living communities across 41 states with capacity to serve approximately 51,000 residents as of March 31, 2026. The company provides independent living, assisted living, memory care, and continuing care retirement communities.