Bank Debt (Tables)

3 Months Ended

Mar. 31, 2017

Amended Credit Facility Maximum Leverage Ratio

The amended credit facility increased the maximum leverage ratio (Sunrise total funded debt/ trailing 12 months adjusted EBITDA) to those listed below:


Fiscal Periods Ended/Ending		Ratio
March 31, 2017		4.50X
June 30, 2017 through March 31, 2018		4.25X
June 30, 2018 and September 30, 2018		4.00X
December 31, 2018		3.75X
March 31, 2019 and June 30, 2019		3.50X

Schedule of Debt

Bank debt less debt issuance costs are presented below (in thousands):


		March 31,			December 31,
		2017			2016
Current debt	$	32,813		$	30,625
Less debt issuance costs		(1,829	)		(1,829	)
Net current portion	$	30,984		$	28,796

Long-term debt	$	199,242		$	207,992
Less debt issuance costs		(2,591	)		(3,048	)
Net long-term portion	$	196,651		$	204,944