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Southern Park owner given more time to pay bills

BOARDMAN — Washington Prime Group, the company that owns and operates Southern Park Mall, has been given two more weeks by its noteholders and some creditors to avoid default while talks continue to restructure its finances.

The Columbus-based retail real estate investment firm was given a second two-week extension on forebearance agreements signed March 29, according to a notice filed Monday with the U.S. Securities and Exchange commission. The first extension was to expire at the end of today.

The agreements were announced March 16, one day before the expiration a 30-day grace period the company had to make a $23.2 million loan payment after skipping it in February.

business@tribtoday.com

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