Qataris Seek Pounds 1.3bn

The Sunday Telegraph London (February 17, 2008)

Author: Mark Kleinman And Helen Power

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Summary

THE EXECUTIVE who led the Qatari government's aborted bid for J Sainsbury is in talks to refinance a pounds 1.3bn debt mountain at Four Seasons Health Care, the nursing home chain.

Paul Taylor, who heads Three Delta, the Qatari state-backed investment fund, is understood to be negotiating a refinancing package with a number of banks, including Credit Suisse - which underwrote the pounds 1.4bn Four Seasons buyout - HBOS and Dresdner Kleinwort.

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Qataris Seek Pounds 1.3bn

When the Qataris bought Four Seasons, a 4...

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