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Article: Sunrise Enters into 13th Amendment to Credit Agreement Extending Maturity Date to December 2, 2010.
- Article from:
- Life Science Weekly
- Article date:
- November 3, 2009
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Sunrise Senior Living, Inc. (NYSE:SRZ) announced that it has entered into a 13th Amendment to its credit agreement with its bank group extending the maturity date of its credit facility to December 2, 2010 (see also Sunrise Senior Living, Inc.).
"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 ...