Oviedo Mall owner gets another extension on debt payments
Oviedo Marketplace owner/operator General Growth Properties (GGP) has negotiated new terms with bondholders on its $2.25 billion in debt.
According to Bloomberg:
The company’s Rouse Co. unit extended the expiration date for the consent solicitation to 5 p.m. New York time on March 27, Chicago-based General Growth said today in statement. It was the third extension of the deadline, which last expired on March 20. General Growth needs consents for at least 90 percent of the notes due this year. It has consents for 42 percent of $165.8 million in notes, and 67 percent of $134.8 million in notes.
General Growth last week lost a Louisiana shopping mall to foreclosure by Citigroup Inc. and two other investors, a sign lenders are less willing to give the real estate investment trust more time to pay debts. The company, owner of more than 200 shopping malls in 44 U.S. states, has been negotiating with lenders and putting real estate up for sale.
To read the full story on the Bloomberg website, click the link below.
to bad the greed in this town,the mall was an aset also i here back stret pizza is closing soon to as they have many health issues and other problems
is this person sane or just drunk? What do the mall and a pizza place on the other end of town have to do with eachother, hmmm i don't get it. Looks like the writings of an ill man named Ken, everyone knows how he screwed his kids.
They deffinately don't have any health issues or any other problems so your crazy rumors should stop.
I work there and know exactly who you are and what you have done to everyone there so move on and good riddens Mr. Ken Creadore!
Yes,i know who did what at the restaurant and there was only one owner there from the beginning who ran the place like a business.
i also remember him there everyday building the place and when it opened he was the only one there that i knew.
I know of the law suit against the two partners for using the business funds for personal gain. this is usally the case in family business where one gets greedy and resorts to frauding its partners.
I guess we will see the outcome soon when the court decision
is published in the papers.
I just love this one, very good:)
Yes, I agree. I heard of all that this guy did, everyone in town knows it.
can you pls grow up for the sake of ur kids?!?
you have WAY too much time too make all the :) faces. its people like you who should be looked at by cps for being sane or insane. lol
B-)
:'(
:-<-
;-))
:-)
:)
;-)-<
;)
;)
The Flu ugh
too bad lol
Love my peeps on fb
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Didn't houseclean too well I guess lol
love my fb friends:)
zcj11219880112
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