Sunrise says greenshoe exercised, raising convertibles to $125 million

New York, Jan. 30 - Sunrise Assisted Living, Inc. said underwriters of its recent sale of 5¼% convertible subordinated notes due 2009 exercised the $25 million over-allotment option, raising the size of the deal to $125 million.

The McLean Va. nursing home operator originally sold $100 million of the convertibles after the market closed on Jan. 24 at a yield of 5.25% and an initial conversion premium of 28%.

Credit Suisse First Boston was bookrunner for the Rule 144A offering.

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