Signage is seen at the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York City, U.S., August 24, 2020. REUTERS/Andrew Kelly
Mall owner Washington Prime Group (WPG.N) filed for chapter 11 bankruptcy protection on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay it rent.
The company’s estimated assets ranged from $1 billion to $10 billion as did its estimated liabilities, according to a filing made in the United States Bankruptcy Court for the Southern District of Texas.
Reuters earlier reported that the Columbus, Ohio-based company, formed in 2014 following a spin-off from mall giant Simon Property Group Inc, was preparing to seek bankruptcy protection as soon as this week. read more
The company said it has secured $100 million of…
