GMB seek urgent meeting following closure of seven Four Seasons homes

Four Seasons on offer to bondholders

Terra Firma, owner of Four Seasons Health Care, has offered to hand over the business to its bondholders for a nominal sum just days before an interest payment deadline that could push the provider into administration.

It has been reported that Terra Firma, run by financier Guy Hands, had offered to transfer its interest in the company that runs 343 care homes with immediate effect.

On 15 December there is a deadline for Four Seasons to make an interest payment on bonds, which the board of the company has said it might not be able to meet.

U.S. investor H/2 Capital Partners owns the majority of the bonds, having bought into the debt at a discounted price since 2015.

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