DOCSLIB.ORG

In the United States Bankruptcy Court for the Eastern District of Virginia Richmond Division

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
In the United States Bankruptcy Court for the Eastern District of Virginia Richmond Division Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 1 of 29 Steven N. Serajeddini, P.C. (admitted pro hac vice) Michael A. Condyles (VA 27807) KIRKLAND & ELLIS LLP Peter J. Barrett (VA 46179) KIRKLAND & ELLIS INTERNATIONAL LLP Jeremy S. Williams (VA 77469) 601 Lexington Avenue Brian H. Richardson (VA 92477) New York, New York 10022 KUTAK ROCK LLP Telephone: (212) 446-4800 901 East Byrd Street, Suite 1000 Facsimile: (212) 446-4900 Richmond, Virginia 23219-4071 Telephone: (804) 644-1700 -and- Facsimile: (804) 783-6192 David L. Eaton (admitted pro hac vice) Jaimie Fedell (admitted pro hac vice) KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 300 North La Salle Street Chicago, Illinois 60654 Telephone: (312) 862-2000 Facsimile: (312) 862-2200 Co-Counsel to the Debtors and Debtors in Possession IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION ) In re: ) Chapter 11 ) LE TOTE, INC., et al.,1 ) Case No. 20-33332 (KLP) ) Debtors. ) (Jointly Administered) ) NOTICE OF FILING OF REVISED PROPOSED ORDER APPROVING THE ASSUMPTION AND ASSIGNMENT OF CERTAIN UNEXPIRED LEASE PLEASE TAKE NOTICE that on December 11, 2020, the above-captioned debtors and debtors in possession (collectively, the “Debtors”) filed the Notice of Assumption and Assignment of Unexpired Lease [Docket No. 662] (the “Notice”) with the United States Bankruptcy Court for the Eastern District of Virginia (the “Court”), which Notice includes a proposed form of order. PLEASE TAKE FURTHER NOTICE that the Debtors are hereby filing a revised proposed Order Approving the Assumption and Assignment of Certain Unexpired Lease (the “Revised Proposed Order”), which is attached hereto as Exhibit A. 1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, are set forth in the Debtors’ Motion for Entry of an Order (I) Directing Joint Administration of Chapter 11 Cases and (II) Granting Related Relief entered August 3, 2020 [Docket No. 72]. The location of the Debtors’ service address is 250 Vesey Street, 22nd Floor, New York, New York 10281. Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 2 of 29 PLEASE TAKE FURTHER NOTICE that attached hereto as Exhibit B is a redline of the Revised Proposed Order as compared to the original proposed form of order. PLEASE TAKE FURTHER NOTICE that the Debtors will appear by remote video on January 28, 2021, at 2:00 p.m. (prevailing Eastern Time) or as soon thereafter as counsel may be heard, before the Honorable Keith L. Phillips, Courtroom 5100, in the United States Bankruptcy Court, 701 East Broad Street, Richmond, Virginia 23219, to seek entry of the Revised Proposed Order. PLEASE TAKE FURTHER NOTICE that copies of the Notice, the Revised Proposed Order, and all other documents filed in these chapter 11 cases are available free of charge by: (a) visiting the Debtors’ restructuring website at https://cases.stretto.com/letote and/or (b) by calling (866) 977-0883 (toll free) or, for international callers, (503) 520-4412 (international). You may also obtain copies of any pleadings filed in these chapter 11 cases for a fee via PACER at: http://www.vaeb.uscourts.gov in accordance with the procedures and fees set forth therein. [remainder of page left intentionally blank] 2 Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 3 of 29 Richmond, Virginia Dated: January 28, 2021 /s/ Jeremy S. Williams KUTAK ROCK LLP KIRKLAND & ELLIS LLP Michael A. Condyles (VA 27807) KIRKLAND & ELLIS INTERNATIONAL LLP Peter J. Barrett (VA 46179) Steven N. Serajeddini, P.C. (admitted pro hac vice) Jeremy S. Williams (VA 77469) 601 Lexington Avenue Brian H. Richardson (VA 92477) New York, New York 10022 901 East Byrd Street, Suite 1000 Telephone: (212) 446-4800 Richmond, Virginia 23219-4071 Facsimile: (212) 446-4900 Telephone: (804) 644-1700 Email: [email protected] Facsimile: (804) 783-6192 Email: [email protected] -and- [email protected] [email protected] KIRKLAND & ELLIS LLP [email protected] KIRKLAND & ELLIS INTERNATIONAL LLP David L. Eaton (admitted pro hac vice) Co-Counsel to the Debtors Jaimie Fedell (admitted pro hac vice) and Debtors in Possession 300 North La Salle Street Chicago, Illinois 60654 Telephone: (312) 862-2000 Facsimile: (312) 862-2200 Email: [email protected] [email protected] Co-Counsel to the Debtors and Debtors in Possession 3 Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 4 of 29 Exhibit A Revised Proposed Order Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 5 of 29 Exhibit B Redline of Order Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 6 of 29 Exhibit A Revised Proposed Order Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 7 of 29 Steven N. Serajeddini, P.C. (admitted pro hac vice) Michael A. Condyles (VA 27807) KIRKLAND & ELLIS LLP Peter J. Barrett (VA 46179) KIRKLAND & ELLIS INTERNATIONAL LLP Jeremy S. Williams (VA 77469) 601 Lexington Avenue Brian H. Richardson (VA 92477) New York, New York 10022 KUTAK ROCK LLP Telephone: (212) 446-4800 901 East Byrd Street, Suite 1000 Facsimile: (212) 446-4900 Richmond, Virginia 23219-4071 Telephone: (804) 644-1700 -and- Facsimile: (804) 783-6192 David L. Eaton (admitted pro hac vice) Jaimie Fedell (admitted pro hac vice) KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 300 North La Salle Street Chicago, Illinois 60654 Telephone: (312) 862-2000 Facsimile: (312) 862-2200 Co-Counsel to the Debtors and Debtors in Possession IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION ) In re: ) Chapter 11 ) LE TOTE, INC., et al.,1 ) Case No. 20-33332 (KLP) ) Debtors. ) (Jointly Administered) ) ORDER APPROVING THE ASSUMPTION AND ASSIGNMENT OF CERTAIN UNEXPIRED LEASE Pursuant to and in accordance with the Order (I) Authorizing and Approving Procedures to Reject or Assume Executory Contracts and Unexpired Leases and (II) Granting Related Relief [Docket No. 267] (the “Procedures Order”)2 entered in these chapter 11 cases of the above-captioned debtors and debtors in possession (collectively, the “Debtors”); and the Debtors 1 A complete list of each of the Debtors in these chapter 11 cases may be obtained on the website of the Debtors’ claims and noticing agent at https://cases.stretto.com/letote/. The location of the Debtors’ service address is 250 Vesey Street, 22nd Floor, New York, New York 10281. 2 Capitalized terms used but not defined herein shall have their meanings ascribed to them in the Procedures Order or the Assumption Notice (as defined herein), as applicable. Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 8 of 29 having properly filed with this Court a notice (the “Assumption Notice”) [Doc. No. 662] of their intent to assume and assign the Lease (defined below); and this Court having jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334 and the Standing Order of Reference from the United States District Court for the Eastern District of Virginia, dated August 15, 1984; and the Debtors having served the Assumption Notice on the parties identified on the Certificate of Service thereof [Doc. No. 673 Ex. A-D] and the Supplemental Affidavit of Service [Docket No. 807]; and this Court having found that it may enter a final order consistent with Article III of the United States Constitution; and this Court having found that venue in this district is proper pursuant to 28 U.S.C. §§ 1408 and 1409; and this Court having found that the Debtors’ notice of the Assumption Notice and opportunity for a hearing on the Assumption Notice were appropriate under the circumstances and no other notice need be provided; and this Court having determined that the legal and factual bases establish just cause for the relief granted herein; and upon all of the proceedings had before this Court; and after due deliberation and sufficient cause appearing therefor, it is HEREBY ORDERED THAT: 1. Subject to the terms of this order (this “Order”), the Debtors are authorized under section 365 of the Bankruptcy Code to assume and assign that certain Master Lease dated July 22, 2015 (the “Master Lease”), by and among Lord & Taylor LLC, as tenant, and certain affiliates of HBS Global Properties LLC, as landlords (collectively, the “Landlords”), related to those certain twenty-four store locations set forth on Schedule 1 attached hereto, together with all amendments and agreements appurtenant to the Master Lease (together with the Master Lease, the “Lease”),3 to LT Propco LLC or its designee (the “Assignee”). 3 For the avoidance of doubt, the (a) Subordination, Non-Disturbance and Attornment Agreement between JPMorgan Chase Bank, National Association, Column Financial, Inc., and Bank of America, N.A., collectively, as Lender, and Lord & Taylor LLC, as Tenant, and (b) letter agreement between Lord & Taylor LLC and 2 Case 20-33332-KLP Doc 857 Filed 01/28/21 Entered 01/28/21 13:49:59 Desc Main Document Page 9 of 29 2. As adequate assurance of the prompt cure and in full and final satisfaction of the Debtors’ defaults under the Lease pursuant to section 365(b)(1) of the Bankruptcy Code, the Debtors shall be deemed to have assigned to the Landlords their right, pursuant to that certain Asset Purchase Agreement, dated August 27, 2019, by and among HBC US Holdings LLC and HBC US Propco Holdings LLC, as sellers, and Le Tote, Inc., as purchaser, as amended (the “APA”), for Seller (as defined in the APA) to fund certain rent payments with respect to the Lease; provided that nothing in this Order shall release, satisfy, or otherwise impact any obligations of HBC L.P.
Load more

Recommended publications
  • Rockaway (Metro New York), New Jersey Rockaway the Heart of New Jersey
    BUSINESS CARD DIE AREA 225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com Information as of 5/1/16 Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG). ROCKAWAY (METRO NEW YORK), NEW JERSEY ROCKAWAY THE HEART OF NEW JERSEY Rockaway Townsquare serves local shoppers in Morris County, home to 496,000 people. — Morris County is the 10th most affluent county in the country, with an average annual household income of $133,000. — The center also serves Warren and Sussex Counties in New Jersey and Northeastern Pennsylvania. — The mall is within close proximity to the headquarters of Avis, Honeywell International, and Quest Diagnostics. SOMETHING FOR EVERYONE Morris County’s only super-regional mall, Rockaway Townsquare is the area’s shopping destination of choice with a diverse retail mix. — A multimillion-dollar renovation was recently completed, providing numerous upgrades and amenities as well as a completely remodeled food court. BY THE NUMBERS Anchored by Four Department Stores Lord & Taylor, Macy’s, JCPenney, Sears Square Footage Rockaway Townsquare spans 1,246,000 square feet. Two Levels Boasting more than 180 specialty stores and eateries. IN GOOD COMPANY Distinctive. Classic. Chic. Many fine brands have chosen Rockaway Townsquare as their preferred location in the Rockaway market. — Abercrombie & Fitch — Aéropostale — Build-A-Bear Workshop — Francesca’s — Hollister Co. — Modell’s Sporting Goods — Swarovski — White House I Black Market POSITIONED TO SUCCEED Rockaway Townsquare is in affluent Morris County in New Jersey, 30 miles west of Manhattan.
    [Show full text]
  • 2019 Property Portfolio Simon Malls®
    The Shops at Clearfork Denver Premium Outlets® The Colonnade Outlets at Sawgrass Mills® 2019 PROPERTY PORTFOLIO SIMON MALLS® LOCATION GLA IN SQ. FT. MAJOR RETAILERS CONTACTS PROPERTY NAME 2 THE SIMON EXPERIENCE WHERE BRANDS & COMMUNITIES COME TOGETHER SIMON MALLS® LOCATION GLA IN SQ. FT. MAJOR RETAILERS CONTACTS PROPERTY NAME 2 ABOUT SIMON Simon® is a global leader in retail real estate ownership, management, and development and an S&P 100 company (Simon Property Group, NYSE:SPG). Our industry-leading retail properties and investments across North America, Europe, and Asia provide shopping experiences for millions of consumers every day and generate billions in annual sales. For more information, visit simon.com. · Information as of 12/16/2019 3 SIMON MALLS® LOCATION GLA IN SQ. FT. MAJOR RETAILERS CONTACTS PROPERTY NAME More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining, and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets. From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience—places where people choose to shop and retailers want to be. 4 LOCATION GLA IN SQ. FT. MAJOR RETAILERS CONTACTS PROPERTY NAME WE DELIVER: SCALE A global leader in the ownership of premier shopping, dining, entertainment, and mixed-use destinations, including Simon Malls®, Simon Premium Outlets®, and The Mills® QUALITY Iconic, irreplaceable properties in great locations INVESTMENT Active portfolio management increases productivity and returns GROWTH Core business and strategic acquisitions drive performance EXPERIENCE Decades of expertise in development, ownership, and management That’s the advantage of leasing with Simon.
    [Show full text]
  • Ticketmaster and Simon Property Group Bring Tickets to Shopping Malls Across the Country
    TICKETMASTER AND SIMON PROPERTY GROUP BRING TICKETS TO SHOPPING MALLS ACROSS THE COUNTRY - Ticketmaster Tickets Now Available at More Than 70 Simon Mall Locations Nationwide - LOS ANGELES – November 2, 2011 – Ticketmaster, a Live Nation Entertainment company (NYSE:LYV), and Simon Property Group, Inc. (NYSE:SPG), the country's largest owner, developer and manager of high quality retail real estate have extended and expanded their unique relationship, opening twenty-two additional Ticketmaster ticket purchasing locations in Simon malls, for a total of seventy-two Simon Malls now offering Ticketmaster event tickets at Guest Services. “Ticketmaster’s retail outlets at our Guest Service locations have been a convenient amenity for millions of our shoppers. We are pleased to be extending and expanding our relationship with Ticketmaster,” said Dennis Tietjen, senior vice president of Simon Brand Ventures, a division of Simon Property Group. “Recognizing the strategic value of Simon as a distribution channel, we worked together, to deliver a solution that would raise awareness of events and provide an onsite ticket purchasing option for our fans in their neighborhood shopping mall,” said Sandy Gaare, executive vice president of retail partners, Ticketmaster. “Ticketmaster is committed to providing convenient ticket purchasing options through our online store and our thousands of retail outlets.” In each of the seventy-two participating Simon malls, fans may purchase tickets at the Guest Service desk from a Simon associate. Tickets are printed on traditional ticket stock and are produced on location. Ticketmaster Retail Centers in Simon Malls: Apple Blossom Mall (Winchester, VA) Coral Square (Coral Springs, FL) Arsenal Mall® (Watertown, MA) Crystal Mall (Waterford, CT) Arundel Mills (Hanover, MD) Dadeland Mall (Miami, FL) Auburn Mall (Auburn, MA) DeSoto Square (Bradenton, FL) Battlefield Mall (Springfield, MO) Edison Mall (Ft.
    [Show full text]
  • 2021 SMM #3 Dental Change Effective 5.1.2021
    PLEASE KEEP THIS IN YOUR FUND BOOKLET Local 485 Health and Welfare Fund 7130 Columbia Gateway Drive, Suite A, Columbia, MD 21046 Summary of Material Modifications #3 To: ALL PLAN PARTICIPANTS April 2021 This Notice, called a “Summary of Material Modification” (SMM), advises you of a change in the information presented in the Fund’s Summary Plan Description (SPD) that was previously provided to you. Please read this SMM and keep it with your 2020 Summary Plan Description and if you have any questions, contact the Fund Office at (410) 872-9500. NEW DENTAL NETWORK PANEL Effective May 1, 2021, the Trustees have hired a new company to provide Dental services to members, spouses, and dependents of the Plan. If you need Dental Services starting May 1, 2021, contact DDS, Inc. DDS, Inc. can be reached at (800)-255-5681 or www.ddsinc.net. You must use a DDS, Inc. participating panel dentist for dental services. A list of panel dentists is attached. Please visit www.ddsinc.net for the most up-to-date list of panel dentists (click on “Patients Only” and “Find a Provider” and enter “485” under “Union Number”). Through DDS, Inc., you will have access to a much larger network of dentists. A list of covered services is attached. Each member, spouse, and dependent has an annual individual maximum benefit of $1,250 for covered services during the Fund’s Plan Year, May 1 to April 30 of each year. Copayments will only apply for certain services, including crowns and dentures. Please note that certain services are not covered; a list of these exclusions is attached.
    [Show full text]
  • United States Securities and Exchange Commission Form 8-K Simon Property Group, Inc
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 20, 2015 SIMON PROPERTY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 225 WEST WASHINGTON STREET INDIANAPOLIS, INDIANA 46204 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: 317.636.1600 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 7.01 REGULATION FD DISCLOSURE. On March 20, 2015, Simon Property Group (or “Simon”) posted an Investor Presentation on its website correcting certain items regarding Simon that were contained in The Macerich Company’s (or “Macerich”) investor presentation published earlier this week. The information contained in this Item 7.01 and the attached Exhibit 99.1 is furnished to and not filed with the Securities and Exchange Commission.
    [Show full text]
  • Where Brands & Communities Come Together
    WHERE BRANDS & COMMUNITIES COME TOGETHER 2b SM SM SM SM 2013 ANNUAL REPORT PAGE ii PAGE v PAGE viii FROM THE FINANCIAL INVESTMENT CHAIRMAN & CEO HIGHLIGHTS HIGHLIGHTS PAGE xi PAGE xii PAGE 1 SUSTAINABILITY BOARD OF 10-K HIGHLIGHTS DIRECTORS AND MANAGEMENT PAGE 46 Management’s Discussion & Analysis PAGE 66 Financial Statements Simon Property Group, Inc. (NYSE: SPG) is an S&P100 company and a leader in the global retail real estate industry. SCALE LARGEST GLOBAL OWNER OF RETAIL REAL ESTATE QUALITY ICONIC, IRREPLACEABLE PROPERTIES IN GREAT LOCATIONS INVESTMENT ACTIVE PORTFOLIO MANAGEMENT INCREASES PRODUCTIVITY AND RETURNS GROWTH CORE BUSINESS AND STRATEGIC ACQUISITIONS DRIVE PERFORMANCE EXPERIENCE DECADES OF EXPERTISE IN DEVELOPMENT, OWNERSHIP, MANAGEMENT ii iii FROM THE CHAIRMAN & CEO Dear Fellow Stockholders, First and foremost, if I may, let me start by thanking my colleagues for delivering a record-breaking year to you, our stockholders. From our maintenance and management staff to our leasing and development personnel at headquarters and all in between, everyone did their part in delivering these impressive results. The quality of the people at Simon Property Group (“SPG”) and, of course, our properties combined to generate record-setting results. Our funds from operations (“FFO”) increased from a strong 2012 by 10.9% to $8.85 per share. Since the great recession, the growth per share of FFO has totaled 76%. We increased our dividend for 2013 by 13.4% to a total of $4.65 per common share, an increase of 79% since the great recession, and with the recent increase in the first quarter of 2014 to $1.25 per share we are now on track to pay $5.00 per share this year.
    [Show full text]
  • Macy's Hosts Brand Partner Summit Highlighting Business Insights And
    October 7, 2019 Macy’s Hosts Brand Partner Summit Highlighting Business Insights and Innovation Topics include Growth Stores, Vendor Direct, Backstage, Same-Day Delivery, In App “Style Inspo”, Macy’s Fashion Academy and #MacysLove Campaign NEW YORK--(BUSINESS WIRE)-- Today, Macy’s brought together nearly 800 brand partners in New York, NY, to discuss general industry trends, business highlights, strategic initiatives and brand innovations that will continue to make Macy’s an amazing place to shop, work and invest every day. “Macy’s is committed to being America’s store for life,” said Hal Lawton, Macy’s president. “Working together with our most important brand partners, we are focused on building lifetime relationships with our shared customers and creating long-term value for our shareholders.” The company also provided an update on some of its most important initiatives and new innovations: Growth Stores In 2018, 50 Macy’s stores across the country received additional capital to enhance the customer experience and create a more vibrant and productive shopping destination as part of the Growth50 initiative. In line with Macy’s strategy to test, iterate and scale new ideas, these improvements were expanded to 100 additional stores in 2019. These stores have an elevated environment and expanded and curated merchandise assortments. The locations also feature improved customer service through added colleague positions and new technology. Improvements were based on customer feedback and the successful Growth50 initiatives. Work in the next 100 stores is expected to be fully complete in fall 2019. The 150 stores comprise approximately 50 percent of Macy’s store sales.
    [Show full text]
  • Q2 2020 Q3 - Q4 FY 2020 FY 2021 2020 - 2021 Malls Redevelopments $ 411,096 8% $ 148,802 $ 101,693 $ 250,495 $ 34,448 $ 284,943 Premium Outlets New Developments—U.S
    2Q 2020 SUPPLEMENTAL EARNINGS RELEASE & SIMON PROPERTY GROUP SUPPLEMENTAL INFORMATION UNAUDITED SECOND QUARTER 21JUL202023104815 TABLE OF CONTENTS EARNINGS RELEASE AND SUPPLEMENTAL INFORMATION FOR THE QUARTER ENDED JUNE 30, 2020 PAGE Earnings Release(1) 2-11 Overview The Company 12 Stock Information, Credit Ratings and Senior Unsecured Debt Covenants 13 Financial Data Selected Financial and Equity Information 14 Net Operating Income (NOI) Composition 15 Net Operating Income Overview 16 Reconciliations of Non-GAAP Financial Measures 17 Consolidated Net Income to NOI 17 FFO of the Operating Partnership to Funds Available for Distribution (Our Share) 18 Other Income, Other Expense and Capitalized Interest 19 Operational Data U.S. Malls and Premium Outlets Operating Information 20 The Mills and International Operating Information 21 U.S. Malls and Premium Outlets Lease Expirations 22 U.S. Malls and Premium Outlets Top Tenants 23 Development Activity Capital Expenditures 24 Development Activity Summary 25 Balance Sheet Information Common and Preferred Stock Information 26 Changes in Common Share and Limited Partnership Unit Ownership 26 Preferred Stock/Units Outstanding 26 Credit Profile 27 Summary of Indebtedness 28 Total Debt Amortization and Maturities by Year (Our Share) 29 Property and Debt Information 30-39 Other Non-GAAP Pro-Rata Financial Information 40-43 (1) Includes reconciliation of consolidated net income to funds from operations. 2Q 2020 SUPPLEMENTAL 19APR201812570549 1 EARNINGS RELEASE 26APR201815133654 Contacts: Tom Ward317-685-7330 Investors Ali Slocum 317-264-3079 Media SIMON PROPERTY GROUP REPORTS SECOND QUARTER 2020 RESULTS INDIANAPOLIS, August 10, 2020 = Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter ended June 30, 2020.
    [Show full text]
  • Simon Mall Management Lookbook
    DEVELOPMENTS 2018 SIMON MALL MANAGEMENT LOOKBOOKBUILDING. THE SHOPPING DESTINATIONS OF THE FUTURE CORPORATE OVERVIEW Redefining our success With a view to the collective success of Simon,® our retail partners, and our neighbors, we continue to redefine and reimagine how people around the world shop. Optimizing results across our global portfolio of preeminent Simon Malls,® Simon Premium Outlets,® and The Mills® is our priority both short and long term. We are also investing in our future. Over the next several years, Simon is committing billions of dollars to both new developments and redevelopment projects that will further diversify and expand the quality and reach of the Simon portfolio. 1 DEVELOPMENTS 2018 At Simon, our commitment to the success of our properties is paramount. We are continuously evaluating our portfolio to enhance the Simon experience, creating state-of-the-art destinations where customers want to shop and socialize. GROUND UP Our strategy focuses on creating superior retail environments and exceptional, world-class destinations for today’s—and future—shoppers. — We’re dedicated to delivering innovative architecture and omnichannel retailing that blends both digital and physical experiences to make shopping more exciting and convenient. — Our priority is the ultimate retail mix, combining best-in-class national and international powerhouses with the newest first-in-market brands and pioneering retail concepts and uses. EXPANSIONS Strategic investments are being made to enhance the market position of our existing assets. — The scope of work includes developing new wings, adding department stores and other key retailers and restaurants, and updating common areas. — Leveraging these investments will further elevate the shopping experience and reinforce Simon as the destination of choice for both shoppers and retailers.
    [Show full text]
  • In the Superior Court of the State of Delaware Simon
    EFiled: Jun 02 2020 05:08PM EDT Transaction ID 65668754 Case No. N20C-06-034 EMD CCLD IN THE SUPERIOR COURT OF THE STATE OF DELAWARE SIMON PROPERTY GROUP, L.P., ) on behalf of itself and its affiliated ) landlord entities, ) ) Plaintiff, ) ) v. ) C.A. No. (CCLD) ) THE GAP, INC., OLD NAVY, LLC, ) INTERMIX HOLDCO, INC., ) BANANA REPUBLIC, LLC, AND ) ATHLETA LLC, ) ) Defendants. ) COMPLAINT Plaintiff Simon Property Group, L.P. (“Simon”), on behalf of itself and as assignee of its various landlord entities (“Simon Landlords”), by and through its undersigned counsel, and as for its Complaint against The Gap, Inc., Old Navy, LLC, Intermix HoldCo, Inc., Banana Republic, LLC, and Athleta LLC (collectively, “Defendants” or “The Gap Entities”), alleges and states as follows: NATURE OF THE ACTION 1. Simon seeks monetary damages from The Gap Entities for failure to pay more than $65.9 million in rent and other charges due and owing under certain retail Leases (defined below) plus attorneys’ fees and expenses incurred in connection with this suit. 2. The Gap Entities are in default on each of the Leases for failure to pay rent for April, May and June, 2020. As of the date of this filing (June 2, 2020), there is due and owing approximately $65.9 million in unpaid rent to each of the Landlord entities. The amounts due and owing will continue to accrue each month, with interest, and The Gap Entities are expected to fall even further behind in rent and other charges due to be paid to the Simon Landlords. PARTIES 3. Simon, a Delaware limited partnership, is the principal operating partnership for Simon Property Group, Inc., a publicly-held Delaware corporation and Simon’s sole general partner.
    [Show full text]
  • MS Management Associates
    Case 20-33332-KLP Doc 838 Filed 01/25/21 Entered 01/25/21 21:06:08 Desc Main Document Page 1 of 4 Brian S. Hermann (pro hac vice to be submitted) Alexander Woolverton (pro hac vice to be submitted) PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP 1285 Avenue of the Americas New York, New York 10019 Telephone: (212) 373-3000 Facsimile: (212) 757-3990 Email: [email protected] [email protected] Christian K. Vogel (Va. Bar No. 75537) Vogel & Cromwell, LLC 513 Forest Ave., Suite 205 Richmond, Virginia 23229 Telephone: (804) 728-1574 Email: [email protected] Counsel to M.S. Management Associates, Inc. and Its Affiliates UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF VIRGINIA RICHMOND DIVISION ------------------------------------------------------ x : In re: : Chapter 11 : LE TOTE, INC., et al.,1 : Case No. 20-33332 (KLP) : Vogel & Debtors. : (Jointly Administered) Cromwell, L.L.C. : ------------------------------------------------------ x NOTICE OF APPEARANCE PURSUANT TO BANKRUPTCY RULE 9010 AND REQUEST FOR NOTICES PLEASE TAKE NOTICE THAT the undersigned counsel enters their appearance pursuant to 11 U.S.C. § 1109(b), Fed. R. Bankr. P. 9010 and Local Bankruptcy Rule 9010-1 on 1 A complete list of each of the Debtors in these chapter 11 cases may be obtained on the website of the Debtors’ claims and noticing agent at http://cases.stretto.com/letote. The location of the Debtors’ service address in these chapter 11 cases is 250 Vesey Street, 22nd Floor, New York, New York 10281. Case 20-33332-KLP Doc 838 Filed 01/25/21 Entered 01/25/21 21:06:08 Desc Main Document Page 2 of 4 behalf of M.S.
    [Show full text]
  • Directions to West Chester University Mapquest
    Directions To West Chester University Mapquest Jowled Carl camps no approximation unsaddled windingly after Salvidor decarbonised blankety-blank, quite cross. knowersUntapped after Traver Gujarati defuzes Hank spasmodically, tie-ups nicely. he resuscitated his avoidance very correctly. Coagulated Arturo indurate some Normally i missing something through in mapquest is green! Also, SC. This is going to use mapquest to find west chester county airport inn; probably be nice mix of difficult situations where others. For Directions by car go to: www. Seminole avenue east side highway will be pretty good weather is a fork onto louisa street names of chester university, tissue cutting events. Sport airplane will be a new songs, editorial team when trying this is my navigation app that is truly spectacular! Blockbuster Video across from Krystals on Wrightsboro Rd. Food part be served both days on the field and we have savings of parking for noise and cars. New Haven Railroad to New Rochelle Station. This event provides pilots in South Carolina and neighboring states education and a showcase our new products and services. He looks for the hidden truths in songs, I ran into traffic and it rerouted me to another route. Had to force it not to use those routes by using the no toll road option. Free Seminars, we always have a good time and mind any visitors that feel like getting view for lunch. Additionally, which our president put on the menu. Find west chester university is always been cancelled for directions easy to direction on north. Field goal be commercial the right. Did not bruise the app.
    [Show full text]