Controversial denouement to Four Seasons saga

The long-running saga of the Four Seasons healthcare CMBS restructuring may be nearing its close after a bondholder meeting was called to approve the borrower’s proposals. The move has proved controversial, however, as to secure the necessary votes the borrower bought up a hefty proportion of the bonds on better terms than the lock-up many investors had already agreed to. Read EuroWeek on Friday to learn more.