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    Sunrise (NYSE:SRZ) Enters into 13th Amendment to Credit Agreement
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    Sunrise Senior Living (NYSE:SRZ) recently 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 ... 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. Full Article at TransWorldNews
    This full-year extension of our line is an important step forward in our restructuring ... 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.
    SOURCE: TransWorldNews 1 month ago

Recent Photos From The Wire

  1. Russia's President Dmitry Medvedev (R) shakes hands with India's Prime Minister Manmohan Singh as they meet at the presidential residence in Barvikha, outside Moscow, December 6, 2009. Picture taken December 6, 2009.
  2. ADELAIDE, AUSTRALIA - DECEMBER 07: Doug Bollinger of Australia celebrates the wicket of Shivnarine Chanderpaul of the West Indies during day four of the Test Match between Australia and the West Indies at Adelaide Oval on December 7, 2009 in Adelaide, Australia.
  3. ADELAIDE, AUSTRALIA - DECEMBER 07: Doug Bollinger of Australia celebrates dismissing Shivnarine Chanderpaul of the West Indies during day four of the Test Match between Australia and the West Indies at Adelaide Oval on December 7, 2009 in Adelaide, Australia.
  4. ADELAIDE, AUSTRALIA - DECEMBER 07: Nathan Hauritz watches on as Doug Bollinger of Australia shows his frustration after an unsuccessful appeal during day four of the second Test Match between Australia and the West Indies at Adelaide Oval on December 7, 2009 in Adelaide, Australia.
  5. ADELAIDE, AUSTRALIA - DECEMBER 07: Doug Bollinger of Australia kicks the ground in frustration after an unsuccessful appeal for the wicket of Brendan Nash of the West Indies during day four of the Test Match between Australia and the West Indies at Adelaide Oval on December 7, 2009 in Adelaide, Australia.
  6. ADELAIDE, AUSTRALIA - DECEMBER 07: Shivnarine Chanderpaul of the West Indies square drives past Michael Hussey of Australia during day four of the Test Match between Australia and the West Indies at Adelaide Oval on December 7, 2009 in Adelaide, Australia.
  7. ADELAIDE, AUSTRALIA - DECEMBER 07: Brendan Nash of the West Indies plays a ball square during day four of the second Test Match between Australia and the West Indies at Adelaide Oval on December 7, 2009 in Adelaide, Australia.
  8. Employees work along the assembly line of Anhui Jianghuai Automobile Co. Ltd in Hefei, Anhui province December 7, 2009. China's economy probably turned the corner in three important areas last month, with consumer prices, exports and imports likely to rise in year-on-year terms for the first time since the global financial crisis struck.
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  10. An employee works along the assembly line of Anhui Jianghuai Automobile Co. Ltd in Hefei, Anhui province December 7, 2009. China's economy probably turned the corner in three important areas last month, with consumer prices, exports and imports likely to rise in year-on-year terms for the first time since the global financial crisis struck.
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  12. Canada's Prime Minister Stephen Harper (C) visits the Bridge of No Return near the truce village of Panmunjom in the demilitarized zone separating the two Koreas, in Paju, about 55 km (34 miles) north of Seoul, December 7, 2009.
  13. Members of the Arizona Cardinals cheerleading squad all smile after an NFL football game against the Minnesota Vikings Sunday, Dec. 6, 2009, in Glendale, Ariz. The Cardinals defeated the Vikings 30-17.
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  15. Actor Antonio Banderas and his daughter, left, attend an NBA basketball game between the Phoenix Suns and the Phoenix Suns, Sunday, Dec. 6, 2009, in Los Angeles.
  16. Los Angeles Lakers guard Kobe Bryant, right, drives on Phoenix Suns forward Amare Stoudemire, left, in the second half of a NBA basketball game, Sunday, Dec. 6, 2009, in Los Angeles. The Lakers won 108-88.
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  18. Arizona Cardinals' Kurt Warner, left, just gets a pass off as he gets hit by Minnesota Vikings' Jared Allen in the fourth quarter during an NFL football game Sunday, Dec. 6, 2009, in Glendale, Ariz. The Cardinals defeated the Vikings 30-17.