Sunrise says almost all 5.25% notes converted ahead of redemption

New York, Feb. 7 - Sunrise Senior Living, Inc. said holders converted all but $7,000 of its $120 million of 5.25% convertible subordinated notes due 2009 ahead of the redemption.

Sunrise issued 6.7 million shares for the securities converted and paid $7,127 for the remainder.

Sunrise announced the redemption on Jan. 11. The redemption price was 101.75% plus accrued interest up to, but not including, the redemption date of Feb. 5. The conversion price was $17.92.

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

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