Sunrise Senior Living Announces Intention to Offer $75M Junior Subordinated Convertible Notes Due 2041

Sunrise Senior Living, Inc. SRZ announced today that it proposes to offer $75 million principal amount of its junior subordinated convertible notes, subject to market conditions and other factors. The notes will be due in 2041 and are to be offered and sold to qualified institutional buyers. The Company also intends to grant to the initial purchasers an option, exercisable within a 30 day period, to purchase up to an additional $11.25 million principal amount of notes.