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:5/7/2015)... 2015 Learning ZoneXpress is supporting the ... in honor of National Physical Fitness and Sports Month. ... get the recommended physical activity guidelines for children and ... that adults:, , Aim for 2 ... week. Moderate activity includes things like walking fast, dancing, ...
(Date:5/7/2015)... 2015 Centurion Service Group , ... to announce the upcoming live auction to sell over ... and other medical facilities from around the United States. ... surgery, endoscopy, lab, anesthesia, infusion, exam and much more. ... 12 starting at 9:00am PDT. The equipment will be ...
(Date:5/7/2015)... More than most public figures, elite athletes capture the ... issues become public affairs and can damage or ruin careers. ... expert Katharine Nohr discusses how to approach risk ... Michael Phelps. , With a background in insurance defense litigation, ... company, Nohr Sports Risk Management. She is the author of ...
(Date:5/7/2015)... When people think about protecting their homes from ... than their basements. However, heavy rain falls also mean there ... While flooding is an obvious problem in a finished space; ... dry to avoid a musty smell . , ... amounts of water can cause foundation damage, mold growth, musty ...
(Date:5/7/2015)... Aureus Medical Group (aureusmedical.com), a leading medical ... and a variety of healthcare careers in most all ... top theme parks located across the continental ... healthcare professionals who are considering locations that are appealing ... opportunity for the travel nurse and other healthcare professionals ...
Breaking Medicine News(10 mins):Health News:Learning ZoneXpress announces new educational resource to celebrate National Physical Fitness and Sports Month 2Health News:Centurion to Sell Surplus Medical Equipment in Online and On-site Auction 2Health News:Katharine Nohr Discusses Risk Management in Sports on SCI TV 2Health News:Katharine Nohr Discusses Risk Management in Sports on SCI TV 3Health News:Spring Storms Bring Musty Smell Inside 2Health News:Spring Storms Bring Musty Smell Inside 3Health News:Get to Know the Top Theme Parks: Aureus Medical Releases Infographic for the Travel Nurse and Other Travel Healthcare Professionals 2
... , , JACKSONVILLE, Fla., Sept. ... makers of ACUVUE(R) Brand Contact Lenses is offering movie fans a chance ... this October, for themselves and 50 friends. The grand prize also ... of ACUVUE(R) Brand Contact Lenses. , , Fans can ...
... Health Access Program Awards Minnesota Up to $35 Million Over Five ... , ST. PAUL, Minn., Sept. 22 Portico Healthnet, ... coverage for health care services, has been named as a partner ... announced effort to expand health care access to uninsured Minnesotans. The ...
... , MOUNTAIN VIEW, Calif., Sept. 22 ... publication of results from an in vitro study of ... the potential mechanism by which the pharmacokinetics (PK) and pharmacodynamics of ... dihydroergotamine (DHE). Results will be published in a manuscript titled ...
... , , , ... show hosted by cardiac surgeon and health expert Dr. Mehmet Oz, and the ... the Reliant Convention Center in Houston, Texas on Saturday September 26, 2009 to ... health insurance. Dr. Oz will participate in the event and will devote ...
... Departing Chicago via Vespa Scooter, Schaller to Ride Through Seven Western States ... Md., Sept. 22 Emily Schaller, a 27-year-old drummer with cystic fibrosis ... from Chicago to Burbank, California, in her quest to get on "The ... is to raise awareness about cystic fibrosis, has appeared in ...
... found that hormone therapy used to treat men with advanced ... various heart problems. Some choices of therapy appear, however, to ... biggest cancer congress, ECCO 15 ESMO 34 [1], in ... study, the largest and most comprehensive to date on the ...
Cached Medicine News:Health News:ACUVUE(R) Brand Contact Lenses Gives Movie Fans a Chance to Win a Hometown Screening of WHIP IT 2Health News:ACUVUE(R) Brand Contact Lenses Gives Movie Fans a Chance to Win a Hometown Screening of WHIP IT 3Health News:Portico Healthnet Named Partner in Increasing Health Care Access Via Federal Grant 2Health News:'Headache' Publication Describes Potential Mechanistic Rationale for LEVADEX(TM) Favorable Adverse Event Profile 2Health News:'Headache' Publication Describes Potential Mechanistic Rationale for LEVADEX(TM) Favorable Adverse Event Profile 3Health News:'Headache' Publication Describes Potential Mechanistic Rationale for LEVADEX(TM) Favorable Adverse Event Profile 4Health News:'The Dr. Oz Show' and the National Association of Free Clinics Host One Day Free Public Health Clinic at Houston's Reliant Convention Center on September 26 2Health News:'The Dr. Oz Show' and the National Association of Free Clinics Host One Day Free Public Health Clinic at Houston's Reliant Convention Center on September 26 3Health News:'The Dr. Oz Show' and the National Association of Free Clinics Host One Day Free Public Health Clinic at Houston's Reliant Convention Center on September 26 4Health News:'The Dr. Oz Show' and the National Association of Free Clinics Host One Day Free Public Health Clinic at Houston's Reliant Convention Center on September 26 5Health News:Cystic Fibrosis Patient Emily Schaller Begins 2,000-Mile Quest to Get on 'The Ellen DeGeneres Show' 2Health News:Prostate cancer patients on hormone therapy at increased risk for various heart diseases 2Health News:Prostate cancer patients on hormone therapy at increased risk for various heart diseases 3Health News:Prostate cancer patients on hormone therapy at increased risk for various heart diseases 4
(Date:5/6/2015)...  Membership in Medicare Supplement plans continued to ... Strategy report released by Mark Farrah Associates (MFA).  ... Med Supp plans, covered approximately 11.2 million seniors ... from 2013. Between 2013 and 2014, enrollment in ... Though UnitedHealth was the segment growth leader, many ...
(Date:5/6/2015)... , May 05, 2015 Research and Markets ... addition of the "Chromatography (Instruments and Reagents) ... to their offering. Chromatography is an ... the component of a complex mixture by differential ... decades the scientists have considered chromatography as an ...
(Date:5/6/2015)... --Research and Markets ( http://www.researchandmarkets.com/research/4fgrnh/asiapacific ) ... Internal Trauma Fixation Devices Market by Type & ... report to their offering. The ... to grow at a CAGR of 6.7% from ... rising incidences of road accidents, increasing aging population, ...
Breaking Medicine Technology:Continued Growth in Med Supp Market for 2014 according to Mark Farrah Associates 2Global Chromatography (Instruments and Reagents) Market 2015 - Forecasts to 2019 2Asia-Pacific Internal Trauma Fixation Devices (Internal Trauma Fixation Plates, Screws, Rod Wires & Pins, Fusion Nails) Market 2015 2
... , , ATLANTA , Feb. ... for Economic and Clinical Health (HITECH) Act, Elekta has expanded its ... advantage of the financial incentives available from the federal government. These ... certified EMR systems who are able to demonstrate meaningful use. , ...
... , PITTSBURGH , Feb. 4 Mylan ... by Pfizer in connection with the filing of an Abbreviated New ... for Amlodipine Besylate and Atorvastatin Calcium Tablets 2.5/10 mg, 2.5/20 mg, ... mg, 10/20 mg, 10/40 and 10/80 mg. This product is the ...
Cached Medicine Technology:Elekta Expands Consultative Services Program to Help MOSAIQ Customers Demonstrate Meaningful Use Guidelines 2Elekta Expands Consultative Services Program to Help MOSAIQ Customers Demonstrate Meaningful Use Guidelines 3Mylan Confirms First-to-File Patent Challenge Relating to Caduet(R) 2
... unique label design & production suite ... and intuitive user interface designed specifically ... a family of professional labeling software ... and complete barcode printing solution for ...
... The WatchMate system is designed to ... facility undetected and becoming lost or injured. ... dementia, Alzheimer's etc., or have suffered a ... Watchlet™ bracelet on their wrist or ankle, ...
... Wi-Fi Tags are small, long-life Active RFID ... By attaching tags to mobile assets or ... to locate and track many different assets ... and revenues. The AeroScout T2 Tag can ...
... PDC Smart™ Labels have a ... a Texas Instruments Tag-it™ HF-I transponder. ... bar codes, text and other graphics ... time variable data is programmed to ...
Medicine Products: