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Four Seasons time running out

30th May 2008

Four Seasons Health Care, one of the country's largest nursing and care home providers does not have much time left, according to The Financial Times.

The group was backed by investors in Qatar "less than two years ago at the height of the debt boom. With the bulk of the company’s £1.5bn of borrowing coming due for refinancing in barely three months, and a covenant on the debt almost breached already, there is growing talk that the situation could come to a head soon."


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Article Information

Title: Four Seasons time running out
Author: Jess Laurence
Article Id: 6944
Date Added: 30th May 2008

Sources

The Financial Times

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