Struggling Ascendis Health, which lenders pulled the plug on a week ago, now has new ones, giving it extra time to come up with plans to deal with its debt problems.

Ascendis will be seeking new terms with a consortium led by investment group Apex Partners and incorporating a “leading BEE health and beauty group,” which have acquired its debt from international investment groups Blantyre Capital and L1 Health...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now