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Iowa shopping mall owner files for bankruptcy

By Trent Rice Photo: Getty Images DES MOINES, Iowa The company that owns a pair of Iowa shopping malls is filing for bankruptcy. Ohio-based Washington Prime Group, which owns Lindale Mall in Cedar Rapids and Southern Hills Mall in Sioux City, filed for Chapter 11 bankruptcy protection this week. The COVID-19 pandemic forced the company to temporarily close some of its roughly 100 shopping centers across the country as businesses were unable to pay rent. A filing made in the United States Bankruptcy Court for the Southern District of Texas says the company’s estimated assets ranged from $1 billion to $10 billion as did its estimated liabilities.

Owner of Southgate Mall files for Chapter 11 bankruptcy

Owner of Southgate Mall files for Chapter 11 bankruptcy MTN News file and last updated 2021-06-14 17:07:07-04 MISSOULA — The corporate owner of Missoula’s Southgate Mall has filed for Chapter 11 bankruptcy due to the COVID-19 pandemic. Washington Prime Group (WPG) the country’s largest mall operator announced the “voluntary” Chapter 11 bankruptcy filing on Sunday. A news release states a restructuring deal is in place “with creditors” and Washington Prime Group “has secured $100 million in new money debtor-in-possession financing” in order “to support day-to-day operations.” “Washington Prime Group’s guests, retailers, and business partners can expect business as usual at all of the Company’s retail town centers throughout the proceedings,” according to the news release.

Iowa shopping mall owner files for bankruptcy | NEWSRADIO 1040 WHO

By Trent Rice Photo: Getty Images DES MOINES, Iowa The company that owns a pair of Iowa shopping malls is filing for bankruptcy. Ohio-based Washington Prime Group, which owns Lindale Mall in Cedar Rapids and Southern Hills Mall in Sioux City, filed for Chapter 11 bankruptcy protection this week. The COVID-19 pandemic forced the company to temporarily close some of its roughly 100 shopping centers across the country as businesses were unable to pay rent. A filing made in the United States Bankruptcy Court for the Southern District of Texas says the company’s estimated assets ranged from $1 billion to $10 billion as did its estimated liabilities.

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