Ogier, one of the leading providers of offshore legal and fiduciary services, has acted as Jersey and Guernsey counsel to Four Seasons Healthcare in relation to the successful restructuring of its £1.5 billion debt facilities. Ogier also provides associated professional director and fiduciary services to the group.
Four Seasons is one of the leading independent healthcare providers in the UK and owns and operates care homes, nursing homes and other specialist units, which together employ over 21,000 people.
Under the capital restructuring agreement certain of the group's lenders exchanged debt for an equity stake in the business. This has reduced the Group's debt by over 50 percent to around £780m.
The transaction is one of the largest consensual, financial restructurings achieved in the UK.
The Ogier team of Raulin Amy, Nick Ward, Caroline Chan, Phil Le Cornu and Simon Mackenzie worked alongside restructuring experts Talbot Hughes McKillop and UK legal advisors Macfarlanes LLP.
The deal benefited from Ogier’s cross jurisdictional presence and integrated legal and fiduciary businesses, which enabled the team to implement the restructuring in a seamless and efficient manner.
Ogier provides legal and fiduciary services in BVI, Cayman, Jersey, Guernsey and Ireland.