Owner of Chautauqua Mall Files for Chapter 11 Bankruptcy Protection wrfalp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wrfalp.com Daily Mail and Mail on Sunday newspapers.
Jefferson Valley Mall To Stay Open; Owner Files Bankruptcy patch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from patch.com Daily Mail and Mail on Sunday newspapers.
Access to $100 million in DIP Financing to Support Operations Operations Will Continue Uninterrupted and in the Ordinary Course During Restructuring Vendors .
Mall owner Washington Prime files for chapter 11 bankruptcy protection Reuters 3 hrs ago
(Reuters) -Mall owner Washington Prime Group filed for chapter 11 bankruptcy protection on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay it rent.
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The company s estimated assets ranged from $1 billion to $10 billion as did its estimated liabilities, according to a filing made in the United States Bankruptcy Court for the Southern District of Texas.
Reuters earlier reported that the Columbus, Ohio-based company, formed in 2014 following a spin-off from mall giant Simon Property Group Inc, was preparing to seek bankruptcy protection as soon as this week.
Washington Prime Group Files Chapter 11, Secures $100MM DIP Financing - News abladvisor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abladvisor.com Daily Mail and Mail on Sunday newspapers.