Final version of Theatre CMBS restructuring breaks cover

By Owen Sanderson
16 Dec 2014

The restructuring of two UK hospital property securitizations, Theatre (Hospitals) No 1 and 2, has finally been executed by most of the parties to the deal, with the restructuring adviser, Lazard, circulating the agreement to the final parties in a notice published on Tuesday.

If the deal is not agreed by April 15, 2015, the restructuring agreement breaks down. But if the last few noteholders agree to it, this deal will close the curtain on an epic restructuring which has involved multiple extraordinary meetings of noteholders, plus a High Court fight between ...

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