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Four Seasons brings end to long-running restructuring talks

Lenders to troubled UK nursing home Four Seasons Health Care have reached a last-ditch agreement to avert a distressed sale process for the company, bringing an end to long-running restructuring talks following its failed leveraged buyout.

The lenders agreed to an earlier proposal, tabled in summer, to halve the company's £1.5bn (€1.6bn) debt, two people close to the situation said.

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