General Growth wins extensions on almost $9 billion

Crain's Chicago Business reports:

General Growth Properties Inc. said Thursday it has tentative deals to extend almost $9 billion in secured mortgages for an average of more than six years.

The agreement means that 170 of the entities that were put under bankruptcy protection in April could emerge by the end of the year. A tentative hearing date for a plan of emergence from bankruptcy was set for Dec. 14.

The agreements cover 70 loans.

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