(To read more on the debt and equity markets, click here.)
ARLINGTON, VA-Goldman Sachs Mortgage Co. is providing the MillsCorp. with up to $2.23 billion in financing--most of which will beused to pay off portions of the retail REIT's debt. About $385million will go toward "working capital requirements and generalcorporate purposes," according to a company statement.
The company has been exploring a sale and is under investigationby the SEC for accounting flaws. Mills, the owner of 42 shoppingcenters in North America and Europe, is restating its financialsfrom 2000 through last year after its third-quarter NOI and FFOdropped due to the failure to collect rents, charges on projectsunder construction and other factors.
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