As part of the financial restructuring of Emeis (previously Orpea), management has undertaken to dispose of c. €1.5bn of assets by the end of

With the restructuring going through the last phases of the process, we have shelved the name. As part of the accelerated safeguard plan, Orpea have

Never mind its balance sheet woes, we have always struggled with the underlying business and the H1 results underline that. Occupancy rates increasing in all geographical areas (except France where it was down to 83.4% from 84.6%) weren’t enough to absorb the

Orpea continue their strategy to reduce asset ownership to a target level of 20-25% of operated assets in the medium term.  Orpea entered into a new

Orpea have drawn a further €200m under the new financing agreement.  We are surprised that the Company feels the need to report this as this was

The Nanterre Court has approved the accelerated safeguard plan by way of cross-class cram-down. Orpea has previously disclosed the voting, with six of the ten classes of

The company has asked the court of Nanterre to approve its Sauvegarde plan via X-class cram down - and to effectively ignore the appeals court’s earlier

The company has refused a recent request from a group of shareholders for a General meeting.  The shareholders had requested the ability to appoint

On Friday, Orpea entered into an Accelerated Safeguard procedure, in order to implement its restructuring plan. Note that the time is limited to a maximum of 4 months, with

Orpea have clarified the structure of the previously announced additional facilities and reconfirmed the annual cash sweep mechanism based on disposals. This is a

Orpea have reached their long stop date of 10th March, and as of that date, 51% of unsecured creditors have acceded to the restructuring plan. Therefore, as planned,

Following on from Monday’s announcement, Orpea’s banking group have an agreement in principle relating to additional financing for Orpea. These include an

Orpea’s main banking partners, the providers of additional financing, have aligned with the proposed restructuring plan of the Company, namely making it a condition that the