{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-082993","form_type":"8-K","ticker":null,"cik":"0000077281","company_name":"PENNSYLVANIA REAL ESTATE INVESTMENT TRUST","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.944050+00:00","generated_at":"2026-06-04T05:01:59.683323+00:00","sec_items":["1.03","3.03","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"PREIT emerges from Chapter 11; all existing equity cancelled, holders receive $10M cash","bullets":["Effective Date of prepackaged Chapter 11 Plan occurred April 1, 2024, ending bankruptcy cases.","All common shares (PRETQ) and Series B, C, D preferred shares cancelled and extinguished.","Existing equity holders receive pro rata share of $10M cash, carved out from second lien lenders.","Board of Trustees' terms expired as of Effective Date; severance amendments for two officers executed.","Professional fee claims must be filed by May 16, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-082993","json":"https://secwatch.observer/filing/0001193125-24-082993.json","markdown":"https://secwatch.observer/filing/0001193125-24-082993.md","text":"https://secwatch.observer/filing/0001193125-24-082993.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/77281/000119312524082993/0001193125-24-082993-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/77281/000119312524082993/d823318d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:01:59.683323+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":"a6e3a6a436be4222a1c7bf497a4cf52f6aed4a80","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":"As previously reported in its Current Report on Form 8-K, dated January 23, 2024 (the “ January 8-K ”), on December 10, 2023, Pennsylvania Real Estate Investment Trust (“ PREIT ” or the “ Company ”) and certain of its direct and indirect affiliates (collectively, the “ Company Parties ” and together with PREIT, the “ Debtors ”) filed voluntary petitions (the cases commenced thereby, the “ Chapter 11 Cases ”) under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”) to pursue a joint prepackaged chapter 11 plan as contemplated by the Restructuring Support Agreement, dated December 7, 2023 (as amended from time to time through the date hereof, the “ RSA ”). The Chapter 11 Cases are jointly administered under the caption In re Pennsylvania Real Estate Investment Trust, et al ., Case No. 23-11974.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/77281/000119312524082993/0001193125-24-082993-index.htm","confidence":0.98,"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"}