Mall owner Washington Prime declares bankruptcy, calling pandemic "insurmountable"
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Summary
Washington Prime Group has filed for bankruptcy protection, becoming the third major U.S. mall owner to go under because of the hit to shopping caused by the coronavirus pandemic. "The COVID-19 pandemic proved insurmountable."Company officials said in a statement that a new $100 million loan will keep its malls in operation while Washington Prime goes through bankruptcy proceedings. Washington Prime said in court documents that it offered mall tenants rent forbearance during the height of the pandemic to help retailers avoid bankruptcy.
As said here by Khristopher J. Brooks