{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-018164","form_type":"8-K","ticker":null,"cik":"0000077281","company_name":"PENNSYLVANIA REAL ESTATE INVESTMENT TRUST","filed_at":"2024-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.896772+00:00","generated_at":"2026-06-06T16:14:21.991523+00:00","sec_items":["1.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Bankruptcy Court confirms PREIT’s prepackaged Chapter 11 plan; existing equity cancelled","bullets":["Equitization of $727M second lien debt for 65% of new common stock; $10M equity gift to existing holders.","First lien ($420.1M) and DIP ($60M) rolled into $480M exit term loan plus $75M revolver.","All existing preferred and common shares cancelled; PREIT to cease being publicly traded.","New board: Vishal Chanani, Joe Coradino, Eric Hsiao; current officers continue.","Effective date expected on or before February 15, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-018164","json":"https://secwatch.observer/filing/0001193125-24-018164.json","markdown":"https://secwatch.observer/filing/0001193125-24-018164.md","text":"https://secwatch.observer/filing/0001193125-24-018164.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/77281/000119312524018164/0001193125-24-018164-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/77281/000119312524018164/d756272d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:14:21.991523+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e4662441e2e58540f5c8f762c668f1ee3d5b132e","claim":"PENNSYLVANIA REAL ESTATE INVESTMENT TRUST entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-10).","evidence_excerpt":"filed voluntary petitions (the cases commenced thereby, the “ Chapter 11 Cases ”) under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”)","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/77281/000119312524018164/0001193125-24-018164-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2023-12-10"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}