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Four Seasons Health Care to get new debt for buyout by Terra Firma
By Sara Rosenberg
New York, April 30 - Four Seasons Health Care plans on getting new debt financing to help fund its acquisition by Terra Firma for up to £825 million, according to a market source.
Goldman Sachs and Barclays are arranging the debt.
Other funds for the transaction will come from equity.
Closing is expected by July 16.
With the buyout, the company's existing lenders will be repaid in full.
Four Seasons is a Cheshire, England-based elderly and specialist care provider.
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