Dynata Reaches Fully Consensual Agreement with All Stakeholders to Recapitalize and Significantly Deleverage Balance Sheet prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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.
Transaction supported by 100% of First Lien and 100% of Second Lien Lenders Results in material strengthening of the Company's balance sheet and liquidity profile Existing Equity Sponsors remain