Four Seasons is tapping investors for £230m in new equity ahead of a September deadline to refinance £780m debt.
A similarly aggressive expansion strategy to that of the collapsed Southern Cross saddled the care homes group with debt of £1.6bn which it halved in 2009 through a debt-for-equity swap. Four Seasons took on 140 Southern Cross care homes last year.
08/02/12 Financial Times 23
