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Sunrise Senior Living Inc. Message Board

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  • retiredtechie retiredtechie Jan 22, 2009 1:23 AM Flag

    RT Question

    Assoma21:

    You asked "what is negative covenant part" and my reply is as follows:

    Its a covenant to a previously signed agreement that prevents certain activities from happening unless agreed to by the parties involved. Its also referred to as a "restrictive covenant". As for your comment about getting other loans until we pay back the BAC loan, there are too many unseen variables to pinpoint that issue.

    Cheers and good investing,
    Retiredtechie/RT

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    • it reads to me that the 400,000 fee is to secure the loan and the march delay is just for the official closing. the interest rate appears to be attractive and the total debt seems to be shrinking..I see it as they have their financing and the 400m fee confirms it. this is not unusual and is why the banks like fee revenue. this financing was secured well before the deadline as promised and the actual closing date is not relevant. tell me where this is wrong. chart objective is 10-13