Report: Washington Prime May Be Seeking $150M Bankruptcy Loan

YOUNGSTOWN, 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

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Published by The Business Journal, Youngstown, Ohio.