Four Seasons gets further reprieve on debt


Posted on July 1st, by editor in Caring Times. No Comments

Debt beleaguered Four Seasons Healthcare, one of the biggest care home operators in the UK, is likely to be given another ‘payment holiday’ by its major creditors.

If agreed, the postponement of a £1.5bn debt repayment deadline that fell due in the second week of May, will be the fourth extension of the group’s standstill agreement, giving the company at least another three months in which to reach an agreement with its creditors, which include Royal Bank of Scotland, Marathon Asset Management and Cheyne Capital.


Print


News roundup



Latest blog posts

End of life care – care homes can do it well

By guest blogger Professor Keri Thomas,

Clinical director, National GSF Centre for End of Life Care

News that care homes could, based on current trends, overtake...

The DTOCs dashboard dilemma

By guest blogger JEF SMITH

The Department of Health refers to delayed transfers of care – the issue of people not being able to move...

From where I stand . . .

By Caring Times editor GEOFF HODGSON

A group of residents’ families have criticised the Care Quality Commission’s refusal to review the ‘good’ rating it awarded to...