Report: Washington Prime May Be Seeking $150M Bankruptcy LoanYOUNGSTOWN, Ohio -- Bloomberg reported Monday that Guggenheim, the investment bank of Washington Prime Group Inc., has connected with prospective lenders for a potential $150 million debtor-in-possession loan. Bloomberg reports negotiations are ongoing and the terms could change. Washington Prime's stock dropped about 12.3% to $2.72 after Bloomberg's report. As of this posting, the stock price stood at $2.78. Washington Prime owns about 100 malls throughout the United States, including the
Published by The Business Journal, Youngstown, Ohio.