PREIT Commences Chapter 11 Proceedings, Enters RSA with 100% of First and Second Lien Lenders - News

PREIT, a leading operator of diverse retail and experiential destinations, announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend its maturity runway. The reorganization plan (the "Prepackaged Plan") is supported by 100% of...

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