Mall Operator PREIT Exits Bankruptcy, Goes Private and Replaces CEO
Retail TouchPoints
APRIL 3, 2024
PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million , extending its maturity runway and receiving commitments of about $130 million in new debtor-in-possession financing and exit revolver financing from a diverse group of investors. portfolio of 150+ retail centers.
Let's personalize your content