Mills gets $2.23B in financing - Pittsburgh Business Times
Excellent news! This should see the company through the recent rough patch. Here is an overview from the article;
Mega-mall developer Mills Corp., which is considering putting itself up for sale, says it has received a commitment from Goldman Sachs for up to $2.23 billion in financing.
The loan, subject to a number of contingencies, would be used to repay debt and to finance continuing operations.
Arlington, Va.-based Mills, which owns more than 40 retail properties and operates the Pittsburgh Mills, hired Goldman Sachs and JPMorgan Chase earlier this year to explore the sale of the company or other options.
