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Restructuring for Theatre care homes enters final phase

By Joseph McDevitt
17 Jan 2014

The servicer and senior noteholders in Theatre (Hospitals) No 1 and No 2 CMBS, which are backed by a portfolio of 35 care homes in the UK, have approved a final extension of the loan maturity date to April this year. Stakeholders will need to agree on a restructuring plan by then or the loan will be enforced.

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By Joseph McDevitt
17 Jan 2014