Washington Prime lenders, noteholders agree to extend forbearance again

By Sarah Lizee

Olympia, Wash., June 9 – Washington Prime Group Inc. operating partnership Washington Prime Group, LP has agreed with its lenders and 2024 noteholders to extend the forbearance period to 11:59 p.m. ET on June 14, according to an 8-K filing with the Securities and Exchange Commission.

Washington Prime said it is continuing to engage in negotiations and discussions with the forbearing noteholders and lenders to restructure its capital structure.

As previously reported, the company missed a $23.2 million interest payment on Feb. 15.

Additionally, in August of 2020, Washington Prime entered into amendments under its credit facilities that provide covenant relief through the third quarter of 2021.

The real estate investment trust is based in Columbus, Ohio.

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