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Sunrise Senior Living Inc. Message Board

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  • puregamble5 puregamble5 Jan 22, 2009 1:14 AM Flag

    Any of this is possible....

    "Any of this is possible.... 17-Jan-09 01:40 am
    1. SRZ may get the drop dead date extended.
    2. The current lenders may be working with SRZ to renew the loans/loc on better terms as CEO & his team has cut some fat and have streamlined the business for better operating bottomline.
    3. SRZ may offer some incentives like warrants at 5 or 8 for lenders.
    4. Goldman Sach may become the lender with warrants option as they have done that in some other cases. Chances=90%

    IMHO, Chances of SRZ going to 5 next week = 95%

    Chances of SRZ going to 6 = 50% "

    - #1 happened.
    The news is kind of very confusing. Modifying the negative covenants ..Is this good? or neutral!!

    I still believe that GS is coming up with refinance for SRZ soon.