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

|About: General Growth Properties (GGP)|By:, SA News Editor

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)