Shopping Mall Giant Goes Bankrupt

Second-largest U.S. mall owner can't refinance billions in debt

By Clay Dillow, Newser Staff

Posted Apr 16, 2009 7:08 AM CDT

(Newser) – Chicago-based General Growth Properties, the second-largest US shopping mall owner, filed for Chapter 11 bankruptcy today after attempts to refinance more than $27 billion in debt failed, Bloomberg reports. The owner of more than 200 shopping malls owes a unit of Germany’s Commerzbank $2.... Read full story »

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Shopping Mall Giant Goes Bankrupt

Second-largest U.S. mall owner can't refinance billions in debt

bankruptcy • debt • bonds • mall • Standard and Poor • Chapter 11 • Commerzbank

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