Reorg Webinar Series: REIT Chapter 11 Filings and Out-of-Court Solutions
Discussing REIT chapter 11 filings and out-of-court restructurings and financings that certain REITs are using to avoid bankruptcies, our Americas Core Credit experts Mark Fischer, Kevin Eckhardt and Wing Li will be conducting a webinar on Friday, April 23 at 11:00am ET to help provide further transparency on the industry. Our team will be discussing certain REIT subsectors and how companies have restructured capital structures in light of reduced revenue caused by the Covid-19 pandemic. Mall REITs CBL and Pennsylvania REIT have each sought chapter 11 protection, and Washington Prime Group has warned of a possible chapter 11. However, hotel REITs Ashford Hospitality and Hersha Hospitality have so far avoided bankruptcy by securing out of court financing and selling assets, respectively.
Our coverage team will discuss potential reasons why certain REITs have avoided bankruptcy and how REITs have used the bankruptcy process to fix their balance sheets. Register for the webinar here: https://reorg.zoom.us/webinar/register/3916178217068/WN_4xpg5cR6RpyNPFajhvpKUQ
If you’re already a subscriber, you can view our ever-expanding coverage of REITs here: https://bit.ly/3edVMRF