Mall REIT Washington Prime Group files for Chapter 11 bankruptcy

Mall REIT Washington Prime Group files for Chapter 11 bankruptcy
·1 min read

Mall real estate investment trust Washington Prime Group Inc. filed for Chapter 11 bankruptcy protection on Sunday, brought down by the impact of the coronavirus pandemic. The Columbus, Ohio-based company said it has a restructuring support agreement with creditors that own about 73% of its outstanding secured corporate debt and 67% of its unsecured notes. The company has secured $100 million in a debtor-in-possession loan to fund daily operations during the Chapter 11 process. The restructuring

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