Assisted Living Concepts Refinances Debt

March 1, 2004 Assisted Living Concepts Refinances Debt On December 31, 2003, Assisted Living Concepts Inc. announced that it had restructured its balance sheet. The national assisted living provider refinanced its junior and senior notes and a secured loan provided by GE Capital, which have a total principal amount of approximately $88 million. The junior notes were due to mature in January 2012, and would have converted to cash pay interest of 12% in 2005. The senior notes were due to mature in January 2009 with accrued interest at 10%. The GE Capital loan had a maturity of December 2004 . . .