General Growth Properties the nation’s second-largest mall owner whose properties include the Mall of Louisiana, says it has reached a deal with lenders to restructure $9 billion in mortgages. This means the company, which filed for bankruptcy in April, may be able to partially emerge from bankruptcy next month. The Wall Street Journal says 77 malls may get out of bankruptcy. General Growth brought 166 shopping centers into bankruptcy. The company still needs to reach a deal on another $6.5 billion in debt in order to fully emerge from bankruptcy.
Mall parent reaches agreement with some lenders
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