COLUMBUS, Ohio–(BUSINESS WIRE)–Washington Prime Group Inc. (NYSE: WPG) today announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the Bankruptcy Court). The Company enters Chapter 11 after executing a restructuring support agreement (the RSA) with creditors, led by SVPGlobal, that hold approximately 73% of the principal amount outstanding of the Companys secured corporate debt and 67% of the principal amount outstanding of the Companys unsecured notes (collectively, the Consenting Creditors). The Company will utilize Chapter 11 to implement a comprehensive and consensual…
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