SAINT LOUIS (KMOX) -- General Growth Properties Inc., owner of the Galleria mall, says its lenders have agreed to restructure some $8.9 billion in loans secured by shopping centers.
General Growth said Thursday it hopes it will be able to bring the malls out of bankruptcy before the year is over. The company and roughly 166 regional shopping centers and other subsidiaries filed for Chapter 11 bankruptcy protection in April. General Growth owns four malls in Missouri and six in Illinois.
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