WPG - Washington Prime extends forbearance pacts to mid-April

Washington Prime Group's ([[WPG]] +0.5%) forbearance agreement with noteholders and lenders, which was set to expire on March 31, 2021, is being extended to April 14.With shopping mall tenants hurt by pandemic lockdowns, WPG skipped a $23.2M interest payment in February and entered talks to restructure its debt in mid-March.Last week, Bloomberg reported that the mall owner approached investors to gauge their interest in potentially providing $150M in bankruptcy financing.

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Washington Prime extends forbearance pacts to mid-April