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Major US mall owner files for bankruptcy

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A major mall owner of more than 100 locations across the United States filed for bankruptcy, citing pandemic-related shutdowns.

Columbus, Ohio-based Washington Prime Group filed for Chapter 11 late Sunday, saying Covid-19 "created significant challenges." Washington Prime secured $100 million in new funding to support its day-to-day operations so it can "continue in the ordinary course without interruption."

Temporary closures and relaxation of rent to some of its tenants were the causes of the bankruptcy.

Read more from CNN.


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