Seaport owner wants more time to refinance

March 10, 2009 11:21AM

General Growth Properties, owner of South Street Seaport, said yesterday that it’s asking bond holders not to call in payment
and to give the company until the end of the year to refinance its
debt. General Growth, which has a stake in more than 200 malls around
the country, owes $1.2 billion in past due debt and has another $4.1
million in debt that has not yet been called in.

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