PREIT, a leading operator of diverse retail and experiential destinations, announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend its maturity runway. The reorganization plan (the "Prepackaged Plan") is supported by 100% of.
Focus on Delivering Exceptional Experiences for Shoppers and Tenants Continues
Enters Restructuring Support Agreement with 100% of PREIT s First and Second Lien Lenders and Commences Chapter 11.
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