General Growth lenders grant two-week maturity extension on $900 million mortgage loans

By Caroline Salls

Pittsburgh, Dec. 1 - General Growth Properties, Inc.'s syndicate of lenders has agreed to a two-week interim extension of the Nov. 28 maturity date on the company's $900 million of Fashion Show and Palazzo mortgage loans, according to a company news release.

The company said it is in continuing discussions with the lenders on a longer term extension.

General Growth also announced it reached an interim agreement with the holder of the $58 million TRCLP Notes to extend the maturity to Dec. 11.

General Growth is a Chicago-based real estate investment trust.

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