Below are possible answers to the crossword note Apparently, you`re counting on a new deal to secure. In October, the welfare company struck a recapitalization deal with lenders, bringing it to the brink of corporate bailouts. But this month, the owner of Solal and Junglevites got into trouble again after a court ordered an Annual General Meeting (AGM) during which he made changes to his board of directors without the lender`s prior written approval. If you still haven`t solved the crossword puzzle, according to reports, you`re planning to get a new deal, so search our database for letters you already have! After initially triggering the termination of a recapitalisation agreement with its lenders Blantyre Capital Limited and L1 Health and making the payment of its debts due immediately, the ascendis Health wellness group now has a short respite. The transfer also saves Ascendis time until January 14, 2021 to pay off its debts. The group, founded in 2008, had a mountain of debt of R7.7 billion and followed an ambitious growth strategy that included the acquisition of companies in countries such as Romania and Cyprus. Failure to obtain approval resulted in the cancellation of its credit facilities, meaning that repayment to lenders was due immediately. Blantyre Capital Limited and L1 Health have now transferred their rights and obligations to a South African consortium consisting of investment firm Apex Partners and a black health and beauty company. The transfer means that Ascendis will have to agree on new debt repayment terms with the consortium.

In a statement on Thursday, Ascendis stressed that the agreement with the consortium will allow it to: „Leverage synergies with a strategic partner, the consortium, which operates in the same markets as Ascendis Health, and realize debt localization; and this gives Ascendis Health time to provide an optimal solution to the company and shareholders. ».