Australian shopping-center proprietor Centro Properties Group, which is solicit takeover offers as it struggle under a $17 billion debt load, has sold a preponderance stake in 25 of its U.S. shopping centers to a component of Inland American Real Estate Trust Inc.The Inland supplementary has paid $161 million for the preponderance wager in the shopping centers in 13 states.
It and Centro also have lined up a $310 million credit on 24 of the centers from Goldman Sachs Group Inc. and J.P. Morgan Chase & Co.
The banks are going to securitize the loan.
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