Getting your player ready...
CHICAGO — The deadline for General Growth Properties’ plea for an extension on more than $2 billion in debt expired Monday, but it wasn’t immediately clear whether the troubled mall operator persuaded any of its bondholders to give it more time to regain its financial footing.
The owner of Park Meadows mall, struggling to stave off a Chapter 11 bankruptcy filing, asked holders of $2.25 billion worth of bonds last week to put off calling in payments until the end of this year while it tries to refinance its debt load.
