Four Seasons in new standstill agreement


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

Major provider Four Seasons Health Care has countered speculation that negotiations with the group’s lenders have not failed by announcing a new standstill agreement with its senior lenders until 22nd January 2009.

The new agreement is intended to enable negotiations on restructuring the group’s debt of close to â£1.5bn to continue. A press statement issued by the company said the talks were constructive and lenders were being supportive in trying to reach a robust capital structure solution for the group.


Print



Latest blog posts

Inconstant gardeners

By Caring Times editor GEOFF HODGSON

Last Saturday was fine and dry so I managed to put in a few hours on our allotment. Not...

When the chips go down . . .

By Caring Times editor GEOFF HODGSON

I have heard people say they couldn’t get by without their smartphone, and I suppose this must be true...

Loneliness behind the front doors

By Guest Blogger KEITH LEWIN

Last week SCIE issued its monthly ‘Briefing for Commissioners’, its focus is on social isolation which it correctly says “can...