WPG - Washington Prime Group stock surges 30% after forbearance extension

Washington Prime Group (WPG) stock jumps 30% in after-hours trading after disclosing another week-long extension to its forbearance pacts with certain lenders and noteholders.The mall REIT is continuing talks with forbearing noteholders and lenders to restructure its debt.See WPG's total return over the past year, with a dramatic dip in February in chart below.It skipped a $23.2M interest payment that was due on Feb. 15 and has been in talks with noteholders and other stakeholders ever since.

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Washington Prime Group stock surges 30% after forbearance extension