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Article: Prime Retail, Inc. and Horizon Group, Inc. Complete Merger
- Article from:
- PR Newswire
- Article date:
- June 15, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Prime Retail Completes $292.0 Million of Debt Financing
In Connection with the Merger
BALTIMORE, June 15 /PRNewswire/ -- Prime Retail, Inc. (NYSE: PRT, PRT.PRA, PRT.PRB) and Horizon Group, Inc. (NYSE: HGI) today announced that they have completed the merger of the two companies. The combined company, Prime Retail, Inc., integrates 22 of Horizon's top performing outlet centers into Prime Retail's existing portfolio and establishes Prime Retail as the largest owner/operator and developer of factory outlet centers in the world, with 49 centers totaling approximately 13.7 million square feet of gross leasable area (GLA) in 26 ...