🛒New Chapter 22 Bankruptcy Filing - Pennsylvania Real Estate Investment Trust ($PRET)🛒

Mall operators files it's second bankruptcy in three years. Plans to actually cut debt this time.

On December 10, 2023, Pennsylvania Real Estate Trust ($PRET)(“PREIT” or the “company”) and 70 affiliates (together, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Owens) — PREIT’s second filing in three years. That’s right, waaaay back on December 11, 2020, the company patted itself on the back for a restructuring-we…