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...
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...
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...
