The real estate investment firm that owns the Dartmouth Mall has struck a refinancing agreement that gets it out from under one overdue loan, but it is now staring down another major debt-related deadline in December.
Under a revised credit agreement with its lenders, Philadelphia-based Pennsylvania Real Estate Investment Trust has been authorized to use up to $54 million of proceeds from a revolving credit facility to refinance outstanding debt related to Dartmouth Mall, according to a securities filing this week. The mall is now included as collateral in PREIT’s credit facility.
STAY IN THE KNOW
 |
Watch NBC10 Boston news for free, 24/7, wherever you are. |
 |
Get Boston local news, weather forecasts, lifestyle and entertainment stories to your inbox. Sign up for NBC Boston’s newsletters. |
More on this story from Boston Business Journal
Get top local stories in Boston delivered to you every morning. Sign up for NBC Boston's News Headlines newsletter.
