Navigation Links
Sunrise Reports Financial Results for Second-Quarter 2009
Date:8/6/2009

ailure to pay principal and interest to the lenders of Sunrise's German communities, as further described below, and $170.2 million of debt that is in default as a result of Sunrise's failure to meet certain financial covenants. Sunrise has reflected current debt and long-term debt that is in default as a current liability.

Sunrise is engaged in discussions to extend the maturity dates of, and to obtain covenant waivers with respect to, some of its debt. Even if these efforts are successful, additional financing resources will be required to refinance existing indebtedness that comes due within the next 12 months. Sunrise is also engaged in discussions with various venture partners and third parties regarding the sale of certain assets with the purpose of increasing liquidity and reducing its obligations to enable Sunrise to continue its operations. Assuming Sunrise is able to extend or refinance the scheduled maturities and obtain the covenant waivers with respect to the consolidated debt that is in default, Sunrise believes it has adequate cash resources to fund operations and meet its obligations as they come due until the December 2, 2009 maturity date of the Bank Credit Facility.

Germany

As previously announced, Sunrise has standstill agreements with all of the lenders to its German communities, which standstills will generally remain in effect until the end of August. Sunrise continues its discussions with the lenders to its German communities with the objective of settling their claims against Sunrise, in order to allow Sunrise to exit the German market altogether. In the second quarter of 2009, Sunrise engaged a broker to assist in the sale of its nine German communities and the Company expects a sale to occur within 90 days, although there can be no assurance that the initial bids received will result in the consummation of a sale. If a sale does not occur, Sunrise will proceed
'/>"/>

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 Responds to HCP Announcement
2. Sunrise to Transition from Management of EdenCare Communities
3. Sunrise Senior Living Communities to Show HBOs The Alzheimers Project
4. Sunrise Reports Financial Results for First-Quarter 2009
5. Sunrise to Host Conference Call and Webcast to Discuss First-Quarter 2009 Financial Results
6. Sunrise Signs Twelfth Amendment to Bank Credit Facility through December 2, 2009
7. 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)
8. Sunrise Reports Financial Results for Fourth Quarter and Full-Year 2008
9. Sunrise to Host Conference Call and Webcast to Discuss Fourth-Quarter and Full-Year 2008 Financial Results
10. Sunrise Senior Living Helps Families Explore Senior Care Financing Options with New Guide
11. Sunrise Receives Proceeds from Venture Refinancing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... the premier women’s dress supplier, has recently released its ... of AngelWeddingDress.com to find more details. , Many ... a bridal party. AngelWeddingDress offers a variety of gorgeous ... wedding dresses are specially designed for 2015. , AngelWeddingDress ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 Autocarinsurancebest.com has released ... purchasing a commercial auto insurance policy . , Auto ... their vehicles. It is no longer necessary to call an ... are now available online on a single website: http://autocarinsurancebest.com/ ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 Yesterday, ... Bonilla (D-Concord) and Kristin Olsen (R-Modesto) were honored ... leadership in advancing biotechnology, biomedical science, medical device ... Olsen each received the “2014 Life Sciences Champion” ...
(Date:1/22/2015)... EBSCO Information Services (EBSCO) and ... relationship in an effort to further promote visibility and adoption ... has long made AMA journals available via its subscription services, ... JAMA Network. , Long known as both a ...
(Date:1/22/2015)... Richmond, VA (PRWEB) January 22, 2015 ... the power at the Science Museum of Virginia. Wicked ... 24. , Wicked Plants unearths 75 poisonous, carnivorous and ... traverse through each room to uncover the biochemical, physical ...
Breaking Medicine News(10 mins):Health 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 3Health News:EBSCO Expands Partnership with the American Medical Association 2Health News:EBSCO Expands Partnership with the American Medical Association 3Health News:EBSCO Expands Partnership with the American Medical Association 4Health News:Wicked Plants are taking over the Science Museum of Virginia 2
... The New Year is here, but are ... pounds in a healthy way that,ll,last past ... GlaxoSmithKline at:, http://media.medialink.com/WebNR.aspx?story=34274 , Registered journalists ... for free and unrestricted use at ...
... Biosciences,Inc. (Nasdaq: RDEA ) today announced that ... the United Kingdom has authorized a,Phase 2a clinical ... (NNRTI), in patients with human immunodeficiency,virus (HIV), the ... clear unmet need for new NNRTIs that have ...
... The board of trustees of,the Pan American Health ... executive director. He comes to the foundation with 30 ... He,follows Ms. Jess Gersky who is retiring at the ... served as the mission director in Mexico for,the US ...
... Cancer Center in Philadelphia have found that a signaling ... is turned on in nearly all recurrent prostate cancers ... hold up, the protein, called Stat5, may be a ... In addition, the researchers, led by Marja Nevalainen, M.D., ...
... happen to kids if precautions are skipped, experts say ... provide kids with great exercise and fun, but proper ... trauma experts. , "We see a startling number of ... and beyond," Amy Teddy, manager of the pediatric injury ...
... 28 Grubb & Ellis,Healthcare REIT, Inc. has acquired ... on December 21, 2007., Park Place Office Park ... square feet on eight and a half,acres in Dayton, ... in 1987,1988, and 2002, respectively, and offer tenants a ...
Cached Medicine News:Health News:Ardea Biosciences' Lead NNRTI for HIV, RDEA806, to Enter Phase 2a Proof-of- Concept Clinical Trial 2Health News:Ardea Biosciences' Lead NNRTI for HIV, RDEA806, to Enter Phase 2a Proof-of- Concept Clinical Trial 3Health News:International Development Expert to Lead the Pan American Health and Education Foundation 2Health News:Jefferson scientists find protein potential drug target for treatment-resistant prostate cancer 2Health News:Put Safety First During Winter Fun 2Health News:Grubb & Ellis Healthcare REIT Acquires Park Place Office Park in Dayton, Ohio 2Health News:Grubb & Ellis Healthcare REIT Acquires Park Place Office Park in Dayton, Ohio 3
(Date:1/23/2015)... Jan. 23, 2015  CytoSorbents Corporation (NASDAQ CM: CTSO), ... extracorporeal cytokine adsorber to reduce deadly inflammation in ... of $385,642, net of transaction costs, in non-dilutive ... Business Tax Certificate Transfer Program sponsored by the ...
(Date:1/23/2015)... CHENGDU, China , Jan. 23, 2015 Tianyin ... pharmaceutical company that specializes in the development and sale ... branded generics and active pharmaceutical ingredients (API) today announced ... Facility (JCM) API operation. 1. Following the ...
(Date:1/22/2015)... Jan. 22, 2015  ResMed Inc. (NYSE: RMD ) ... Revenue for the quarter was $423.0 million, a 10 percent ... 14 percent increase on a constant currency basis). Net income ... the quarter ended December 31, 2013. Diluted earnings per share ...
Breaking Medicine Technology:CytoSorbents Receives $385,000 in Non-Dilutive Funding from the New Jersey Technology Business Tax Certificate Transfer Program 2CytoSorbents Receives $385,000 in Non-Dilutive Funding from the New Jersey Technology Business Tax Certificate Transfer Program 3TPI's JCM Updates on Import Registration for International Clients 2TPI's JCM Updates on Import Registration for International Clients 3TPI's JCM Updates on Import Registration for International Clients 4ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 2ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 3ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 4ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 5ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 6ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 7ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 8ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 9ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 10ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2015 11
... Over 200 organizations, community leaders, health care professionals, ... across the country today urged Express Scripts to ... and allow the nation,s largest pharmacy chain to return ... stopped providing in-network coverage for prescriptions filled at Walgreens ...
... SUNNYVALE, Calif., Jan. 17, 2012   Accuray Incorporated ... company, announced today that CHRISTUS MUGUERZA Hospital Alta Especialidad ... CyberKnife® Robotic Radiosurgery System . CHRISTUS MUGUERZA is ... benefits of the CyberKnife System to treat tumors anywhere ...
Cached Medicine Technology:Over 200 Community Leaders and Organizations Across the Nation Urge Express Scripts To Reach Agreement With Walgreens 2First CyberKnife Robotic Radiosurgery System Goes Live in Mexico 2First CyberKnife Robotic Radiosurgery System Goes Live in Mexico 3First CyberKnife Robotic Radiosurgery System Goes Live in Mexico 4
Soft Non-Latex, Adjustable Flange Nasopharyngeal Airway. Pediatric sizes available. Non-Latex Mediprene material with soft elastic finish. Adjustable flange for a better fit and increased patient com...
Soft Guedel Oral Airways...
All oral and nasal airways are manufactured with smooth, rounded edges for increased patient comfort and safety., ,Portex® offers a broad selection of airways for a variety of clinical applicati...
... Rapid intubation of difficult airways., ... time and accuracy are critical. Now you ... effective ventilation with the Combitube®: Esophageal/Tracheal double-Lumen ... the Combitube airway is designed to establish ...
Medicine Products: