0 minute readGeneral Growth Properties, the second-largest mall operator in the US, filed a reorganization plan saying it will split itself into two companies when it exits bankruptcy in October. Under the proposal in US Bankruptcy Court in New York, General Growth will fully repay debt and other claims, raise as much as $8.5bn of new capital and issue stock in two new companies to current shareholders.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
