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Could PREIT Be Next Mall Operator to File Chapter 11?

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

The Pennsylvania Real Estate Investment Trust has entered into a support agreement with certain lenders that contemplates an out-of-court financial restructuring, one that might still require a Chapter 11 filing for bankruptcy court protection. The agreement was inked on Oct. 7, according to a regulatory filing by PREIT last week with the Securities and Exchange…

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