"Washington Prime Group" Archives

Washington Prime to File For Bankruptcy

by Amruth Sundarkumar | Jun 14, 2021 | Distressed / Defaulted Bonds

Washington Prime Group (WPG), one of the biggest retail real estate companies in the US could seek bankruptcy protection under Chapter 11 of the US Bankruptcy Code this week based on the result of its forbearance agreement with its creditors later today. This would...

Washington Prime Downgraded to D on Missed Payment

by bondevalue | Mar 18, 2021 | Credit Ratings, High Yield Bonds

Washington Prime has been downgraded to D from CC by S&P after the US mall owner announced that it will withhold a $23.2mn interest payment on its 6.45% 2024s even after the completion of the 30-day grace period on March 17. The missed payment, which was...

US Mall Operator Washington Prime Staring at Chapter 11 After Missed Payment

by bondevalue | Mar 5, 2021 | High Yield Bonds

US shopping mall operator, Washington Prime Group (WPG) is staring at bankruptcy filings under Chapter 11 of the US bankruptcy code. The group had missed a $23mn interest payment last month and is actively negotiating with lenders to avoid a default before the end of...

Washington Prime to File For Bankruptcy

Washington Prime Downgraded to D on Missed Payment

US Mall Operator Washington Prime Staring at Chapter 11 After Missed Payment

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Washington Prime to File For Bankruptcy

Washington Prime Downgraded to D on Missed Payment

US Mall Operator Washington Prime Staring at Chapter 11 After Missed Payment

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