Key Ruling for General Growth Properties CMBS Wednesday - Todd Sullivan

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Key Ruling for General Growth Properties CMBS Wednesday
May 11, 2009 08:13 PM UTC

Todd Sullivan

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Via Todd Sullivan's ValuePlays:

If the ruling goes as indicated by the judge, his is bad for bondholders, very good for General Growth and then good for shareholders as anything that strengthens the holding company is by default good for them.

Also, tomorrow a ruling is expected on the DIP financing General Growth will present to the judge. We may find out today whom they have selected.

From the WSJ

(Dow Jones)--A final ruling is expected Wednesday on whether General Growth Properties Inc. (GGP) would be allowed to...

Continued at Todd Sullivan's ValuePlays

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