General Growth Gets Two-Week Loan Extension

Article Date : 03 December 2008
News Section: USA

One of the nation’s largest mall owners, General Growth Properties, Inc., reached an agreement Monday with the holder of a $58 million note to extend the maturity date to Dec. 11. The struggling REIT has been renegotiating with lenders for extensions including one made Sunday on $900 million in loans for two of its premier malls...

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