American Dream Mall Seeks More Time to Pay $1.7 Billion Loan (1)

The owner of the American Dream super-mall in New Jersey is seeking a four-year extension to repay $1.7 billion in construction financing after project holdups and pandemic lockdowns kept shoppers away, according to people with knowledge of the talks.

<-bsp-bb-link state="{"bbHref":"bbg://securities/1466695D%20CN%20Equity","_id":"0000017e-e0b8-d139-a9ff-e4f911440000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Triple Five Group, American Dream’s owner, is asking a group of lenders led by JPMorgan Chase & Co. for more time to repay loans made in 2017, said the people, who asked not to be identified because the talks are private. The 2017 debt included a $1.2 billion senior loan and a $475 million mezzanine loan that was supposed to ...