Washington Prime Group filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Washington Prime Group also secured $100 million in new money debtor-in-possession financing.
Ranji Nagaswami and Sarah Pillmore joined Strategic Value Partners as managing directors of the firm. Nagaswami joins as chief strategy and chief commercial officer while Pillmore joins as head of human resources & talent. Both will serve on SVPGlobal’s 16-person management council.