Talk of The Villages Florida - View Single Post - It appears that The Villages Health has been sold
Thread: It appears that The Villages Health has been sold
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Old 09-11-2025, 02:32 PM
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Originally Posted by Warren View Post
Does this delay the sale of Citizens Bank while the court takes it time in deciding who gets paid first and how much? Do you suppose the buyer knew about this issue when they agreed to buy it?
This outcome shouldn’t hold anything up. Citizens provided DIP financing. Providers of DIP financing sit at the top of the food chain as the senior most secured creditors. No other creditors will get a penny until the DIP lender is made 100% whole. As long as the total dollar amount of the DIP loans is less than the sale price, the Citizens First sale shouldn’t be effected.
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