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(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

CHEVY CHASE, MD-Mills Corp. officials say that Goldman Sachs has given the troubled REIT an extension on its senior term loan’s maturity date from Dec. 31 to March 31. Mills first received a commitment of up to nearly $1.5 billion from Goldman Sachs in May.

The extension is based on the condition that Mills files its restated financial results from last year by Jan. 31 and audited statements from this year by March 1. The locally based firm is refiling its financials after executives revealed since last year accounting irregularities, an SEC investigation, higher-than-projected development costs, and other issues.

Mills executives expect to file the company’s 2005 annual report by the end of January. Quarterly reports from the past year are forecast to be filed within 45 days afterwards.

On Nov. 20, Mills filed an 8-K document with the SEC, revealing occupancy and sales per-sf data through September at its 39 US shopping centers. Potential buyers of Mills, such as the Israeli firm Gazit-Globe, and analysts had said for months that such information was crucial to the sale of the firm.

Mills has been exploring a sale of the company since the beginning of the year. So far the firm has sold its foreign assets and some of its significant development projects across the country. Most recently, in November, Joseph Freed & Associates signed a letter of intent to investigate the purchase of the retail portion of a development at 108 N. State St. in Chicago.

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