Washington Prime Gets OK For $911M Chapter 11 Plan

By Rick Archer (September 3, 2021, 6:01 PM EDT) -- A Texas judge Friday approved Washington Prime Group's $911 million Chapter 11 plan after the mall landlord reached last-minute deals with parties objecting to alleged changes in the terms of the plan's equity swap and to the liability releases for its top executives.

Soon after starting a virtual hearing, U.S. Bankruptcy Judge Marvin Isgur paused it for about half an hour at Washington Prime's request to allow the settlements to be worked out in a final flurry of calls and emails.

Washington Prime and dozens of affiliates filed for Chapter 11 protection on June 13, listing $3.9 billion in debt and...

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