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Jefferson Valley Mall officials have
announced plans to remain open a day after filing for Chapter 11 bankruptcy protection.
The Washington Prime Group issued a statement saying the pandemic created
significant challenges for the mall, which makes a filing necessary to reduce
the company’s outstanding indebtedness.
The company announced that it has secured $100 million in in financing
to support day-to-day operations during the Chapter 11 process.
The
funding will also ensure that all business operations continue without
interruption.
The
Jefferson Valley Mall houses over 80 retailers, including Macy’s, Bath &
Body Works and Dick’s Sporting Goods.
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