Item 1.02 Termination of a Material Definitive Agreement

On August 31, 2020, Brookdale Senior Living Inc. (the "Company") terminated its Fifth Amended and Restated Credit Agreement with Capital One, National Association, as administrative agent, lender, and swingline lender and the other lenders from time to time parties thereto (as amended, the "Credit Agreement"). The Credit Agreement had provided commitments for a $250 million revolving credit facility with a $60 million sublimit for letters of credit and a $50 million swingline feature. The Credit Agreement was terminated in connection with the Company's obtaining approximately $267 million of mortgage financing on 16 communities on August 31, 2020 from Capital One, National Association pursuant to Freddie Mac's Capital Markets Execution Program. Most of the financed communities had secured the Credit Agreement prior to its termination. At the closing, the Company repaid the outstanding principal amount under the Credit Agreement of approximately $166 million, together with accumulated interest, without payment of any termination fee or penalty, and the Company cash collateralized $42 million of letters of credit outstanding under the Credit Agreement.

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