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.

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