SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 14, 1998
SUN HEALTHCARE GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-12040 85-0410612
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
101 SUN AVENUE, N.E., ALBUQUERQUE, NEW MEXICO 87109
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (505) 821-3355
NOT APPLICABLE
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On April 14, 1998, Sun Healthcare Group, Inc. ("Sun") announced that it
has commenced marketing two private placements of its securities. Sun and
Sun Financing I, a Delaware statutory business trust and subsidiary of Sun,
will offer $300 million ($345 million if the initial purchasers'over-
allotment option is exercised in full) of convertible trust issued preferred
securities and Sun will offer $125 million of Senior Subordinated Notes due
2008.
Sun intends to use the net proceeds from the offerings to reduce
outstanding borrowings under its senior credit facility. The offered
securities have not been registered under the Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or sold in
the United States absent registration or qualification or an applicable
exemption from registration or qualification requirements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SUN HEALTHCARE GROUP, INC.
By: /s/ William C. Warrick
Name: William C. Warrick
Title: Vice President, Corporate Controller
Dated: April 15, 1998
