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Security Profile
- Security Type
- Real Estate Investment Trust (REIT)
- CUSIP
- 93964W405 (prev. 93964W108 )
- Market Cap
- Micro Cap · $31 Million
- Previous Symbol
- WPG (changed 9/29/2021)
- Previous Name
- WP Glimcher, Inc.
Business: Washington Prime Group Inc. (formerly WP Glimcher) is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.
Notes: September 07, 2021 -- Washington Prime Group Inc. (NYSE: WPG) today announced its intention to voluntarily delist from the New York Stock Exchange (the “NYSE”) its shares of common stock (the “Common Stock”), 7.5% Series H Cumulative Redeemable Preferred Stock (the “Series H Preferred Stock”), and 6.875% Series I Cumulative Redeemable Preferred Stock (the “Series I Preferred Stock,” and together with the Series H Preferred Stock, the “Preferred Stock”). The Common Stock is currently listed on the NYSE under the symbol “WPG” with a CUSIP number of 93964W405; the Series H Preferred Stock is currently listed on the NYSE under the symbol “WPG-H” with a CUSIP number of 93964W207; and the Series I Preferred Stock is currently listed on the NYSE under the symbol “WPG-I” with a CUSIP number of 93964W306. <p> June 13, 2021 -- Washington Prime Group Inc. (NYSE: WPG) today announced that it and certain of its subsidiaries have 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 (the “Bankruptcy Court”). The Company enters Chapter 11 after executing a restructuring support agreement (the “RSA”) with creditors, led by SVPGlobal, that hold approximately 73% of the principal amount outstanding of the Company’s secured corporate debt and 67% of the principal amount outstanding of the Company’s unsecured notes (collectively, the “Consenting Creditors”). The Company will utilize Chapter 11 to implement a comprehensive and consensual financial restructuring of the Company’s corporate-level debt that will allow the Company to substantially deleverage its balance sheet and strengthen its business and operations going forward, either through a full equitization of the Company’s unsecured notes or an alternative value-maximizing transaction that would repay, in full in cash, all of the Company’s corporate-level debt. <p> December 18, 2020 -- Washington Prime Group Inc. (NYSE: WPG) today announced the completion of its previously announced 1-for-9 reverse stock split of its common stock. Every nine issued and outstanding shares of common stock have been converted into one share of common stock, effective December 22, 2020 prior to the opening of trading of the Company's common stock on the New York Stock Exchange. The trading symbol for the Company’s common stock remains “WPG” and the new CUSIP number for the common stock following the reverse stock split is 93964W405. <p> 8/30/2016 -- Common shareholders of the Company approved a proposal to change the corporate name to Washington Prime Group Inc. effective immediately. ____________ Jan. 15, 2015-- Washington Prime Group Inc. (NYSE:WPG) today announced it has completed the previously announced acquisition of Glimcher Realty Trust. Under the terms of the merger agreement, Glimcher shareholders will receive, for each Glimcher share, $10.40 in cash and 0.1989 of a share in WPG common stock. The company will be known as WP GLIMCHER, Inc. and continue to trade on the New York Stock Exchange under the ticker WPG.
Company Contact
- CEO
- Louis G. Conforti
- CFO
- Mark E. Yale
- Headquarters
- 180 East Broad Street, Columbus, OH 43215
- Phone
- 614-621-9000
- Investor Relations
- Kimberly A. Green · 614-887-5647 · kim.green@washingtonprime.com