Pennsylvania Real Estate Investment Trust
Case Number:
1:23-bk-11974
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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January 22, 2024
Mall REIT's Ch. 11 Plan OK'd Without Creditor Claims Releases
A Delaware bankruptcy judge on Monday approved Pennsylvania Real Estate Investment Trust's plan to swap $727 million in debt for equity after stripping out the release of unimpaired creditors' claims against nondebtor third parties.
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January 17, 2024
US Trustee Opposes Mall Owner's Ch. 11 Plan Over Releases
The Office of the U.S. Trustee has objected to the proposed Chapter 11 plan of mall owner Pennsylvania Real Estate Investment Trust, telling a Delaware bankruptcy court that the plan's exculpation and release provisions go too far.
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December 12, 2023
Philly Mall Owner Gets $30M Of $60M Bankruptcy Loan
Bankrupt Philadelphia mall owner Pennsylvania Real Estate Investment Trust got court approval Tuesday to spend up to half of a proposed $60 million bankruptcy loan to kick off its Chapter 11 restructuring, overcoming an objection from a federal bankruptcy watchdog that releases in the financing plan were too broad.