General Growth Properties Inc., Chicago, has gotten a forbearance and waiver agreement from the syndicate of lenders for the $900 million Fashion Show and Palazzo mortgage loans. The agreement lasts until Feb. 12, 2009. The loans had a maturity date of Dec. 12, 2008. Furthermore, GGP's syndicate of lenders for the 2006 senior credit agreement has entered into a forbearance and waiver agreement that extends until Jan. 30, 2009. In connection with this agreement, GGP has agreed to certain restrictions and covenants with this syndicate during the forbearance period.
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