General Growth Properties (GGP) does a cash-out refinancing, turning $536M of debt costing 4.62%...


General Growth Properties (GGP) does a cash-out refinancing, turning $536M of debt costing 4.62% with average maturity about 1 year, into $1.2B in debt at 3.65% and maturity of 8.4 years. Net proceeds come to $545M. The American Dream. (PR)

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  • Tricky
    , contributor
    Comments (2425) | Send Message
     
    They can complete the American Dream by using the cash out refi proceeds to buy huge SUV's and big screen TV's.
    14 Nov 2012, 07:59 AM Reply Like
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