- Washington Prime Group, a Columbus, Ohio-based shopping center real estate investment trust, emerged from bankruptcy on Oct. 21, 2021, after equitizing its senior notes, paying down certain debt and reinstating and providing take-back debt to other creditors. WPG raised new money through a rights offering of up to $325 million in its bankruptcy from unsecured noteholders, prepetition common equityholders, and the plan sponsor, Strategic Value Partners.
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Oct 21, 2021 · Washington Prime collected just 52 percent of the rent due in the second quarter of 2020. The firm followed fellow mall operators CBL & Associates Properties and Pennsylvania REIT into...
Oct 22, 2021 · Washington Prime Group Inc. is a retail REIT and a national leader in the ownership, management, acquisition and development of retail properties with 102 shopping centers across the United States. The Davis Polk restructuring team includes partners Damian S. Schaible and Angela M. Libby, counsel Aryeh Ethan Falk and associates Samuel Wagreich, Stella Li and Sophy Ma.
Jun 15, 2021 · Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns. The Columbus, Ohio-based company...
Jun 14, 2021 · Several retailers – some with locations in Washington Prime properties – have filed and exited bankruptcy since May 2020 amid the pandemic, including Christopher & Banks, Guitar Center , New...
- Kelly Tyko
- Consumer News Reporter
Jun 14, 2021 · Washington Prime Group has filed for bankruptcy protection, becoming the third major U.S. mall owner to go under because of the hit to shopping caused by the coronavirus pandemic ....