Thu 06/30/2022 14:26 PM
Relevant Items:
Debt Document Summaries
PREIT Debt Documents
The Pennsylvania Real Estate Investment Trust (“PREIT”) filed for chapter 11 bankruptcy on Nov. 1, 2020, with a prepackaged plan that became effective on Dec. 10 of that year. Pursuant to the plan, the company amended and restated an existing loan agreement to provide for a revolver and a new tranche of first lien term loans; it also entered into a second lien term loan. These exit facilities are secured by certain real...
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