Navigation Links
Sunrise Enters into 13th Amendment to Credit Agreement Extending Maturity Date to December 2, 2010
Date:10/19/2009

MCLEAN, Va., Oct. 19 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that it has entered into a 13(th) Amendment to its credit agreement with its bank group extending the maturity date of its credit facility to December 2, 2010.

"This full-year extension of our line is an important step forward in our restructuring," said Mark Ordan, Sunrise's chief executive officer. "All of our stakeholders benefit from this and we are pleased by the cooperation and support from Bank of America and our other line banks."

In connection with the amendment, the requisite lenders under the credit facility consented to the previously disclosed sale of 21 wholly owned assisted living communities to BLC Acquisitions, an affiliate of Brookdale Senior Living Inc. On the closing date of such sale, Sunrise has agreed to make a $28.7 million principal repayment to the lenders, which may include the return of approximately $3.7 million in letters of credit, and to deposit $20 million of the proceeds from the sale into a collateral account held by and pledged to the bank group, which may be used by Sunrise for the purpose of settling claims of other creditors. If the closing of the sale does not occur prior to June 30, 2010, Sunrise will either make a payment equal to the BLC closing payment to the lenders; or make a $5 million principal repayment to the lenders, pay a $1 million extension fee and provide the lenders with certain additional collateral as security for its obligations under the credit agreement.

The amendment, among other matters, modifies the minimum liquidity covenant to require that $10 million of unrestricted cash be on hand on the last day of each month (subject to a 15-day cure period), and revises a covenant to permit Sunrise to dispose of certain assets as long as 50 percent of the net sa
'/>"/>

SOURCE Sunrise Senior Living, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. GHX Working with Hospitals and Suppliers to Enable Use of Industry Standard Location and Organization Identifiers in Transactions and Compliance with GLN Sunrise Date
2. Sunrise Reports Financial Results for Second-Quarter 2009
3. Sunrise Responds to HCP Announcement
4. Sunrise to Transition from Management of EdenCare Communities
5. Sunrise Senior Living Communities to Show HBOs The Alzheimers Project
6. Sunrise Reports Financial Results for First-Quarter 2009
7. Sunrise to Host Conference Call and Webcast to Discuss First-Quarter 2009 Financial Results
8. Sunrise Signs Twelfth Amendment to Bank Credit Facility through December 2, 2009
9. All Persons Who Purchased or Acquired the Common Stock of Sunrise Senior Living, Inc. (Sunrise) Between February 26, 2004 and July 28, 2006, Inclusive, and Were Damaged Thereby (The Class)
10. Sunrise Reports Financial Results for Fourth Quarter and Full-Year 2008
11. Sunrise to Host Conference Call and Webcast to Discuss Fourth-Quarter and Full-Year 2008 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/17/2014)... 17, 2014 With the development ... functions of adjusting human body physiology, preventing diseases, ... popularity with a variety of specific populations. In ... China reached RMB187.4 billion, up 12.0% year on ... , China's health product industry is composed of ...
(Date:9/17/2014)... (PRWEB) September 17, 2014 U.S. ... hospitals in the country, and three mesothelioma treatment ... treatment facilities, the mesothelioma law firm Baron ... Cancer Center, University of Texas MD Anderson Cancer ... by the publication. ( http://health.usnews.com/best-hospitals/rankings/cancer ) , U.S. ...
(Date:9/17/2014)... FL (PRWEB) September 17, 2014 ... with Ed Begley, Jr., scheduled to broadcast on ... via Discovery Channel. , In this episode, Innovations ... House of Freedom’s mission to provide each client ... and spiritual well being; using the principles of ...
(Date:9/17/2014)... 2014 Experienced dress company, Discount-Dress.com, announces ... selection of trendy black bridesmaid dresses. Furthermore, the company ... beautiful bridesmaid outfits. Readers can view more ... Discount-Dress.com is a famous brand of special occasion ... as well as revamped old editions, the supplier has ...
(Date:9/17/2014)... Headquartered in Baltimore, Maryland, Therapy Pets Unlimited ... , “The past two weeks have been amazing,” ... over 400 evaluators in 46 states, and we’re still ... and South Dakota and Vermont. And from there, we ... can visit.” , TPU provides one-of-a-kind treatment to facilities ...
Breaking Medicine News(10 mins):Health News:China Health Food Industry Report 2014-2017 Now Available at ChinaMarketResearchReports.com 2Health News:China Health Food Industry Report 2014-2017 Now Available at ChinaMarketResearchReports.com 3Health News:China Health Food Industry Report 2014-2017 Now Available at ChinaMarketResearchReports.com 4Health News:Three Mesothelioma Treatment Centers Make U.S. News and World Report’s List of Top Cancer Care Facilities, Baron and Budd Reports 2Health News:Three Mesothelioma Treatment Centers Make U.S. News and World Report’s List of Top Cancer Care Facilities, Baron and Budd Reports 3Health News:Innovations to Explore Substance Abuse and Mental Health in Upcoming Episode Airing Wednesday, September 24, 2014 via Discovery Channel. 2Health News:Discount-Dress.com’s Top Designers Are Now Busy Making Its New Black Bridesmaid Dresses 2Health News:Therapy Pets Unlimited is Expanding 2Health News:Therapy Pets Unlimited is Expanding 3
... of a molecular community in brain cells of mammals ... of new drugs. Researchers from Mount Sinai School // ... latest issue of journal Science. , ,The study ... within these communities enable groups of molecules and proteins ...
... the spice turmeric its yellow color, has come under ... its cancer-fighting abilities // . ,Researchers say ... block a key protein associated with esophageal cancer, known ... “ a shot in the arm for research,” ...
... time for meditation, yoga or even a trip to ... very compact these days. Thanks to the Chocolate-coated stress ... soon. ,The chocolate-like product comprises various nutraceutical herbs ... been developed by National Botanical Research Institute (NBRI), Lucknow., ...
... A protein that protects the body from tissue damage has ... protein helps the body's healthy cells survive the effects of ... found to encourage the growth of tumors in mice following ... urethane, a lung-specific carcinogen, on two sets of mice, which ...
... Mark A. Fishel, M.D., from the University of Washington, ... increase in Alzheimer’s disease. Moderately elevated levels of ... // in plasma and in cerebrospinal fluid and these ... was conducted in 16 healthy older adults ranging in ...
... from UCLA had found out that a deficient gene ... enzyme in the vision cycle that causes congenital blindness ... disease // called Leber congenital amaurosis is published in ... suggest that replacement of RPE65, which is lacking in ...
Cached Medicine News:Health News:The effects of Curcumin: a natural pigment in turmeric explored for its anti-cancer properties 2Health News:Enzyme Responsible For Congenital Blindness 2
(Date:9/17/2014)... MILL VALLEY, Calif. , Sept. 17, 2014 ... a partnership in the fight against sarcoma. Under ... Alliance Suzanne Renee Leider Memorial Assistance Fund. ... to reimburse sarcoma patients for expenses directly related ... specialist. Scientific literature reinforces the importance of this ...
(Date:9/17/2014)... Sept. 17, 2014  Soligenix, Inc. (OTCQB: SNGX) ... developing products that address unmet medical needs in ... today that agreement has been reached with the ... design of a pivotal, Phase 3 clinical trial ... treatment of cutaneous T-cell lymphoma (CTCL).  ...
(Date:9/16/2014)... Massachusetts , 17. September 2014 ... HOLX ), hat heute die ... zur präanalytischen Probenverarbeitung, in Europa bekannt ... gekennzeichnete, vollautomatisierte Universalplattform zur Vereinfachung der ... dass ineffiziente und fehlerbehaftete Arbeitsschritte bei ...
Breaking Medicine Technology:Champions Oncology Partners with Sarcoma Alliance to Bring Personalized Treatment Options to Sarcoma Patients 2Champions Oncology Partners with Sarcoma Alliance to Bring Personalized Treatment Options to Sarcoma Patients 3Soligenix Announces FDA Clearance of Phase 3 Clinical Protocol of SGX301 in Cutaneous T-Cell Lymphoma 2Soligenix Announces FDA Clearance of Phase 3 Clinical Protocol of SGX301 in Cutaneous T-Cell Lymphoma 3Soligenix Announces FDA Clearance of Phase 3 Clinical Protocol of SGX301 in Cutaneous T-Cell Lymphoma 4Soligenix Announces FDA Clearance of Phase 3 Clinical Protocol of SGX301 in Cutaneous T-Cell Lymphoma 5Soligenix Announces FDA Clearance of Phase 3 Clinical Protocol of SGX301 in Cutaneous T-Cell Lymphoma 6Soligenix Announces FDA Clearance of Phase 3 Clinical Protocol of SGX301 in Cutaneous T-Cell Lymphoma 7Hologic stellt in Europa den Tomcat vor, ein neues Gerät zur präanalytischen Probenverarbeitung 2Hologic stellt in Europa den Tomcat vor, ein neues Gerät zur präanalytischen Probenverarbeitung 3
... Inspiration Biopharmaceuticals, Inc. (Inspiration), the only ... of new treatment options for people with hemophilia, is ... as Chief Executive Officer. Mr. Butler replaces Michael Griffith, ... Officer and is retaining the title of President at ...
... 11, 2011 Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR ... financial results on Tuesday, October 25, 2011 after the close ... conference call and slide presentation via webcast on Tuesday, October ... to discuss results and highlights of the third quarter, as ...
Cached Medicine Technology:Inspiration Biopharmaceuticals Names John P. Butler Chief Executive Officer 2Inspiration Biopharmaceuticals Names John P. Butler Chief Executive Officer 3Questcor to Report Third Quarter 2011 Earnings and Conduct Conference Call on October 25, 2011 2
... Accu-Temp Cauteries provide a ... for cauterization in a wide ... single use cautery is packaged ... cap to lock switch in ...
... provide a broad selection of tip ... variety of ophthalmic procedures. Each single ... with a safety cap to lock ... when not in use, and carries ...
... Cauteries provide a broad selection of ... wide variety of ophthalmic procedures. Each ... complete with a safety cap to ... position when not in use, and ...
... Luminary LASIK Light Probes provide the surgeon ... the corneal interface to be easily visualized ... the Tindal effect and light scatter technique, ... debris, epithelial deposits, flap edge folds, corneal ...
Medicine Products: