This chapter delves into the recent Chapter 11 bankruptcy filing of a Columbus, Ohio-based shopping center real estate investment trust and its affiliates, Washington Prime Group, due to $3.5 billion in liabilities. The lender call by Don Acquisitions, known as Evoque Data Centers, is also discussed, highlighting financial struggles like customer churn and low utilization rates.
On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features a discussion between Reorg Covenants analysts Julian Bulaon and Richard Barbour on Iconix Brands (https://app.reorg.com/v3#/dashboard/4703), including their recently announced going-private acquisition by Lancer Capital and the change of control implications under their debt docs.
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