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Capita agrees to Southern Cross debt remedy

NHP has agreed with the special servicer of its securitised debt, Capita Asset Services, to waive the next two quarterly interest payments and to set up a new operating company for its 249 care homes.
By James Wallace
July 18, 2011 | 7:10 P.M.

The landlord, owned by Qatari Investment Authority, is to retain a total of £28m in quarterly securitised debt interest payments due this month - and again in October - for the new operating company’s working capital.

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