General Growth refinances $814 million of loans
General Growth Properties Inc., the second-largest US mall owner, refinanced $814 million of mortgage loans and retired a $58-million bond to try to stave off bankruptcy.
Developers Diversified Realty Corp. has refinanced its existing $550 million senior secured term loan, scheduled to mature on Feb. 20, 2012, with a new $500 million senior secured term loan arranged by KeyBanc Capital Markets and JP Morgan Securities LLC.