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  "documentTitle": "General Growth Properties (GGWPQ)",
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  "authorName": "Pershing Square",
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      "text": "Benefits of this Approach:",
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      "text": "A seven-year extension of GGP’s secured and unsecured loans at their existing interest rates would provide the Company with sufficient time to use cash flow from operations to delever its balance sheet.",
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      "text": "Secured and unsecured lenders receive 100% of the present value of their claims\nPrevents the liquidation of assets at “fire-sale” prices\nPreserves value for equity holders\nGGP platform remains intact\nPreserves jobs",
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