Pennsylvania Real Estate Investment Trust (PEI.N)
Latest Key Developments (Source: Significant Developments)
April 18 (Reuters) - Pennsylvania Real Estate Investment Trust
Nov 1 (Reuters) - Pennsylvania Real Estate Investment Trust
Pennsylvania Real Estate Investment Trust : Decided to market beaver valley mall for sale .Decision to market beaver valley mall after shell chemical moving forward with development of petrochemical complex mile and a half from mall. Full Article
Pennsylvania Real Estate Investment Trust : Entered into a modification and extension of its term loan . Amendment increased potential borrowing under agreement from $100.0 million to $250.0 million . Amendment expanded accordion feature of 7-year term loan agreement from up to $200.0 million to up to $400 million .Maturity date was extended by approximately one year, from January 7, 2021 to December 29, 2021. Full Article
NEW YORK, April 26 (LPC) - A US$7bn crossover loan package backing the US$15.3bn cash and stock acquisition of GGP, the second-largest mall owner in the US, by global commercial real estate giant Brookfield Property Partners LP, includes the biggest term loan A (TLA) financing of the year so far.