PENNSYLVANIA REAL ESTATE INVESTMENT TRUST: going-concern / distress — PREIT commences Chapter 11 cases; combined hearing on reorganization plan set for Jan 19, 2024

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST

Debtors filed voluntary Chapter 11 on Dec 10, 2023; operate as debtors in possession.
Combined hearing on disclosure statement and plan confirmation scheduled Jan 19, 2024 at 10:00 a.m. ET.
Objection deadline for plan, disclosure statement, and lease assumption is Jan 12, 2024 by 4:00 p.m. ET.
Prepetition solicitation commenced Dec 8, 2023; voting deadline Dec 18, 2023 at 5:00 p.m. ET.
Interim NOL order restricts transfers of equity securities; null and void if violated.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-10).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2023-12-10

Exact text from the filing

Pennsylvania Real Estate Investment Trust (the "Company") and certain of its direct and indirect subsidiaries (collectively, the "Debtors") commenced their respective voluntary chapter 11 cases (the "Chapter 11 Cases") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").

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Source: SEC EDGAR

accession 0001193125-23-295565

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