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This excerpt taken from the CSU 10-Q filed Nov 9, 2005. Liquidity
In July 2005, the Company refinanced the debt on four communities that was scheduled to mature in September 2005 resulting in new loans of approximately $39.2 million. The new loans include ten-year terms with the interest rates fixed at 5.46% and amortization of principal and interest payments over 25 years. These new loans are classified as long-term, net of $0.8 million classified as current, in the accompanying consolidated balance sheet and replaced $34.3 million of debt that had been classified as a current liability.
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