PREIT Completes Financial Restructuring and Implements Changes to Management and Board
Trade creditors and property level mortgage debt were unaffected by the restructuring.
- Trade creditors and property level mortgage debt were unaffected by the restructuring.
- As a result of its corporate reorganization and consolidation of equity holders, PREIT is no longer an SEC reporting company.
- In support of its go-forward business plan, PREIT is also announcing certain changes to its management and Board.
- Mr. Coradino led PREIT through its comprehensive financial and corporate restructuring as discussed above, and now that such restructuring has been successfully completed, Mr. Coradino will no longer serve as Chief Executive Officer and trustee of PREIT, effective as of April 1, 2024.