CBL Properties Announces Over $600 Million in Landmark Financing Transactions
CBL & Associates Properties, Inc. (CBL)
Last cbl & associates properties, inc. earnings: 2/6 04:15 pm
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Source: Business Wire
Refinancing of Secured Term Loan Expected to Drive More than $30 Million Improvement in Free Cash Flow CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE: CBL) today announced that it has successfully refinanced its existing $634 million term loan through two complementary transactions. Today, CBL closed on a $425 million non-recourse financing secured by a pool of primarily mall properties. In addition, CBL anticipates closing shortly on a $176 million floating-rate bank loan primarily secured by a pool of strong open-air lifestyle centers. The new $425 million financing represents the first enclosed regional mall execution of its kind completed in the sector in many years, signaling renewed capital-markets confidence in quality market-dominant enclosed malls. Although the final maturity of the original term loan was November 2027, refinancing early enables the Company to secure more favorable amortization structures, increasing estimated annual free cash flow by more than
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News
- CBL Properties Announces Over $600 Million in Landmark Financing Transactions [Yahoo! Finance]Yahoo! Finance
- Gateway Mall Deal And Asset Sale Could Be A Game Changer For CBL & Associates Properties (CBL) [Yahoo! Finance]Yahoo! Finance
- CBL Properties Announces Acquisition of Gateway Mall in Lincoln, NE and Sale of Open-Air Center [Yahoo! Finance]Yahoo! Finance
- CBL Properties Announces Acquisition of Gateway Mall in Lincoln, NE and Sale of Open-Air CenterBusiness Wire
- CBL And Associates Properties (CBL) Valuation Check After Recent Share Price Weakness [Yahoo! Finance]Yahoo! Finance
CBL
Sec Filings
- 3/3/26 - Form 10-K
- 2/18/26 - Form 4
- 2/18/26 - Form 4
- CBL's page on the SEC website