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- In June 2021, the trust filed for Chapter 11 bankruptcy, but just five months later it emerged from the proceedings, having reorganized and recapitalized. The trust eventually rebranded to WPG. The firm invested nearly $184 million in 2022 and another $10 million this year in renovating its properties.
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Jun 14, 2021 · On June 13, 2021, Washington Prime Group Inc. and 88 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.
Oct 21, 2021 · WPG has emerged from bankruptcy as a stronger and more stable company with its debt reduced by nearly $1 billion and its overall liquidity greatly improved.
Jun 15, 2021 · New York CNN Business —. Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns. The...
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Jan 14, 2022 · The web page analyzes the bankruptcy plan and equity splits of Washington Prime Group, a shopping center real estate investment trust, that emerged from chapter 11 on Oct. 21, 2021. It shows how SVP, the majority owner of WPG, raised new money through a rights offering and provided take-back debt to other creditors. It also forecasts a slow recovery in financials and operating performance.
Oct 21, 2021 · Sasha Jones. Save article. Just a few months after filing for Chapter 11, mall operator Washington Prime Group has emerged from bankruptcy. When the real estate investment trust, which owns...
Sep 7, 2021 · Washington Prime Group, the Columbus-based owner of Polaris Fashion Place and about 100 other shopping centers, is preparing to emerge from bankruptcy as a private company. The company...
Oct 22, 2021 · Mall REIT Washington Prime Group on Thursday said that it and its debtor affiliates have emerged from Chapter 11, having reduced its debt by almost $1 billion, thanks in part to debt...
