Moody's: No Rating Impact on West Edmonton Mall Property Inc. Series B First Mortgage Bonds Following a Guaranty and Permitted Subordinate Encumbrance
New York, February 10, 2017-- Moody's Investors Service has been informed of the proposed provision of a guaranty of up to CAD $425 million by the current owner of the West Edmonton Mall, the borrower under the West Edmonton Mall Property Inc. Series B First Mortgage Bonds. The Mall owner will guarantee a bridge facility related to the construction of American Dream, a 2.9 million SF retail and entertainment complex, located in East Rutherford, NJ. The guaranty will be secured by the "...
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