Sunrise amends loan to get more time to deliver financials

By Sara Rosenberg

New York, Sept. 18 - Sunrise Senior Living Inc. amended its credit facility, extending the delivery deadline for required financial information to lenders, according to a company news release.

The company now has until Jan. 31, 2008 to provide all 2006 quarterly financial statements, the audited annual 2006 financial statements and the quarterly financial statements for the first three quarters of 2007.

The company paid its loan lenders an aggregate fee of about $300,000 for entering into the amendment.

Sunrise Senior Living is a McLean, Va.-based provider of senior living services.

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