Private equity group Terra Firma has won a High Court battle over ownership of 24 Four Seasons Group care homes.
Four Seasons has agreed the basic terms of a restructuring deal with its leading creditor H/2 Capital.
Restructuring talks between Four Seasons Healthcare and leading creditor H/2 Capital have been extended in order to allow more time for a deal.
Four Seasons has confirmed the agreement of a £70m funding package with leading creditor H/2 Capital.
A £70m funding package has been agreed to keep leading care home provider Four Seasons afloat until a rescue deal is agreed with leading creditor H/2 Capital.
A standstill agreement struck between Four Seasons and leading creditor H/2 Capital has been welcomed by the CQC.
Leading care home provider Four Seasons has said talks on a restructuring deal with its leading creditors have made progress.
Terra Firma has urged leading creditor H/2 Capital and other bondholders to take over Four Seasons as stalemate between the two parties threatens the future of the UK’s largest care home provider.
Leading creditor H/2 Capital has urged Four Seasons to respond to its rescue plan proposals issued at the beginning of November.