Washington Prime gets weekly forbearance extension, still in talks with lenders

May 26, 2021 4:49 PM ETWashington Prime Group Inc. (WPGGQ)WPGGQBy: Liz Kiesche, SA News Editor80 Comments
  • Washington Prime Group (NYSE:WPG) gets its weekly forbearance extension from certain noteholders and lenders, bringing its next expiration to June 2, 11:59 PM ET.
  • "The company is continuing to engage in negotiations and discussions with the forbearing noteholders and forbearing lenders to restructure its capital structure," the company said in an SEC filing.
  • Recall that in March, the shopping mall owner had approached investors to gauge their interest in providing potential $150M i bankruptcy financing. To be clear, WPG hasn't yet filed for Chapter 11, though it has said that's a possibility.

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