Navigation Links
Sunrise Reports Financial Results for Fourth Quarter and Full-Year 2008
Date:3/2/2009

8 85 35 Buyout of management contracts 1 2 135 $(353) $(43) $85

Cash and Liquidity Update

On January 20, 2009, the Company entered into the Tenth Amendment to the Bank Credit Facility, effective as of December 31, 2008. The Tenth Amendment suspends through March 30, 2009, unless further extended, the Company's obligations to comply with the financial covenants contained in the Bank Credit Facility, but the Company cannot borrow any additional amounts or receive any new letters of credit under the Bank Credit Facility. As of December 31, 2008, there were $95 million of outstanding borrowings and $24.4 million of letters of credit outstanding under the Company's Bank Credit Facility.

Prior to the execution of the Tenth Amendment, the Company was not in compliance with the financial covenants in the Bank Credit Facility at December 31, 2008, and the Company currently does not expect to be in compliance with such financial covenants on March 30, 2009, when the waiver set forth in the Tenth Amendment is currently set to expire. In the event that the Company is unable to revise or restructure the Bank Credit Facility before March 30, 2009, the lenders under the Bank Credit Facility could, among other things, exercise their rights to accelerate the payment of all amounts then outstanding under the Bank Credit Facility, exercise remedies against the collateral securing the Bank Credit Facility, require the Company to replace or provide cash collateral for the outstanding letters of credit or pursue further modification with respect to the Bank Credit Facility. In the event of an acceleration of the Bank Credit Facility, the Company does not currently expect that it would be able to fully repay its outstanding borrowings.

Sunrise currently expects that its cash balances and cash fl
'/>"/>

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

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Related medicine news :

1. Sunrise to Host Conference Call and Webcast to Discuss Fourth-Quarter and Full-Year 2008 Financial Results
2. Sunrise Senior Living Helps Families Explore Senior Care Financing Options with New Guide
3. Sunrise Receives Proceeds from Venture Refinancing
4. Sunrise Reports Financial Results for Third Quarter 2008
5. Sunrise Provides Update on HCN Transaction
6. Sunrise to Host Conference Call and Webcast to Discuss the Companys Financial Results for the Third Quarter 2008
7. Sunrise Senior Living Appoints Glyn Aeppel and David Fuente to its Board
8. Sunrise Files 2007 Form 10-K
9. Sunrise Updates Date and Time of Conference Call to Discuss 2007 Financial Results and Second-Quarter 2008 Preliminary Selected Financial and Operating Data
10. Sunrise Senior Living Founder and CEO to Become Chairman
11. Sunrise to Present at Jefferies 2nd Annual Healthcare Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... 2015 Liberty University has received accreditation for ... from the Council for Accreditation of Counseling & Related ... Center for Counseling & Family Studies , is under ... university’s new School of Behavioral Sciences. Prior to the formation ...
(Date:1/22/2015)... Glendale, AZ (PRWEB) January 22, 2015 Padre ... a long supporter of Pro Player Health Alliance ... with Padre Murphy's in getting everyone, including NFL greats, treated ... one of the leading groups supporting the cause in the ...
(Date:1/22/2015)... AngelWeddingDress, the premier women’s dress supplier, ... dresses. View website of AngelWeddingDress.com to find ... wedding dresses online for a bridal party. AngelWeddingDress offers ... for them. Its maternity wedding dresses are specially designed ...
(Date:1/22/2015)... Autocarinsurancebest.com has released a new blog post explaining the ... . , Auto insurance quotes help many drivers find ... necessary to call an agent or visit an agency for ... single website: http://autocarinsurancebest.com/ . , Every business who relies ...
(Date:1/22/2015)... Calif. (PRWEB) January 22, 2015 ... Susan Bonilla (D-Concord) and Kristin Olsen (R-Modesto) were ... their leadership in advancing biotechnology, biomedical science, medical ... and Olsen each received the “2014 Life Sciences ...
Breaking Medicine News(10 mins):Health News:Liberty University's Resident Master’s Counseling Program Receives CACREP Accreditation 2Health News:Padre Murphy's Holds NFL Retired Players Association Party Star Studded Event With Bud Light and Pro Player Health Alliance Sponsoring 2Health News:Padre Murphy's Holds NFL Retired Players Association Party Star Studded Event With Bud Light and Pro Player Health Alliance Sponsoring 3Health News:AngelWeddingDress Has Recently Released Its Collection Of 2015 Maternity Wedding Dresses 2Health News:Commercial Auto Insurance Provides Several Important Features! 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 3
... Va., Dec. 3 Their goal is ambitious. They want to ... support it, doctors advise it and still, behavior is not changing fast ... News Release, go to: http://www.prnewswire.com/mnr/beyondboobs/36272/ , , ... proclaims Rene Bowditch, co-founder of Beyond Boobs. And what message is she ...
... CORK, Ireland, Dec. 3 Tibotec Pharmaceuticals today,announced ... agreement,with Emcure Pharmaceuticals Limited of India to distribute ... Tibotec is committed ... collaborated with Emcure because of the company,s strong ...
... MONS, Belgium, December 3 Prentke Romich Company ... (AAC),devices for individuals with speech disabilities, has selected ... its latest device for AAC,beginners. , ... portable, Vantage Lite is a new generation,communication device ...
... strong associations with hypertension, cardiovascular disease, and diabetes, ... and structure, according to a new study accepted ... of Clinical Endocrinology & Metabolism ( JCEM ... of a direct or strong correlation of obesity ...
... Palsy Associations of New York State,s Metro Services has chosen BRANDEMiX, ... initiatives, to brand and launch an employee communications campaign in support ... ... NY (PRWEB) December 3, 2008 -- The Cerebral Palsy Associations of ...
... Holden today announced that Mr Richard Bowden had officially taken over ... ... VIC (PRWEB) December 3, 2008 -- Bupa Asia Pacific Managing Director ... over as Managing Director of the company., , ,Bupa Australia is ...
Cached Medicine News:Health News:Photos: 'Changing Behavior, One Woman at a Time' 2Health News:Photos: 'Changing Behavior, One Woman at a Time' 3Health News:Tibotec and Emcure Collaborate on Access to Darunavir for India 2Health News:Tibotec and Emcure Collaborate on Access to Darunavir for India 3Health News:Accessibility: Acapela Group Voice Enables Vantage Lite Innovative AAC Dedicated Device 2Health News:Pediatric obesity may alter thyroid function and structure 2Health News:BRANDEMiX Selected to Launch Cerebral Palsy Associations of NYS Metro Services New Strategic Plan 2Health News:New Managing Director for Bupa Australia 2
(Date:1/23/2015)... , Jan. 23, 2015 /PRNewswire/-- Harwood Feffer LLP ( www.hfesq.com ... directors of Advaxis, Inc. ("Advaxis" or the "Company") (NASDAQ: ... breached its fiduciary duties to shareholders. On ... investing website reporting that Advaxis had misrepresented the clinical ...
(Date:1/23/2015)... Inc., a leader in hand hygiene monitoring, today announced ... subsidiary of Ascendis Health Limited, in Johannesburg, ... of millions of patients around the world are affected ... patient to patient via the unwashed hands of healthcare ...
(Date:1/23/2015)... Companies, Inc. (ICBU) has repositioned itself as a holding company ... foothold in the hydroponic, hemp and medical marijuana sectors. By ... the sector, and recently partnering with the Chippewa Tribe Nation ... marijuana, iMD is committing to bring its vision to the ...
Breaking Medicine Technology:Harwood Feffer LLP Announces Investigation of Advaxis, Inc. 2HyGreen Partners with RCA Medical in Johannesburg, South Africa 2iMD Companies Poised to Make Impact in Multi-Billion Dollar Medical Marijuana Sector With Recent Investments and Strategic Partnerships 2
... The AquaLab Vapor Sorption Analyzer (VSA) , ... understand moisture in products and pinpoint quality control issues.  ... humidity changes can reveal important details about physical and ... is called an isotherm.  Isotherm generation ...
... Jan. 10, 2012 Heraeus Kulzer, LLC, the worldwide leader ... seminars at the Chicago Dental Society Midwinter Meeting ... A Class IV Workshop: Great Cosmetic Results With Nanotechnology ... noon. Speakers: Frank Milnar, DDS and Shannon Pace-Brinker, CDA ...
Cached Medicine Technology:New AquaLab Vapor Sorption Analyzer Puts Isotherm Technology Within Financial Reach of Food and Pharmaceutical Scientists 2Heraeus to Sponsor Four Seminars at Chicago Dental Society Midwinter Meeting 2012 2Heraeus to Sponsor Four Seminars at Chicago Dental Society Midwinter Meeting 2012 3
Caspar cervical retractor (lamina spreader), counter-retractor complete with 5 blades and forceps. Height: max. 165 mm, Maximal spread: 85 mm...
Cervical retractor with post....
Small, removable blades, length 178 mm, (7"). Function: tissue retracting....
Toothed Pituitary IVD Rongeurs, 8 length 200 mm....
Medicine Products: