Crest banks start ￡500m debt talks as bid hopes die

摘要

Crest Nicholson's 24 banks have begun thrashing out the terms of a refinancing deal for its ￡500m debt-pile that could see fresh capital injected into the housebuilder.rnThe move follows the ditching of a plan to sell the bank-owned company to the listed bid vehicle of former Pizza Express boss Hugh Osmond after a recent dip in the housing market.