CBL Properties Closes $176 Million Non-Recourse Financing [Yahoo! Finance]
CBL & Associates Properties, Inc. (CBL)
Last cbl & associates properties, inc. earnings: 2/6 04:15 pm
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cblproperties.com
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Source: Yahoo! Finance
CHATTANOOGA, Tenn., March 27, 2026 BUSINESS WIRE )--CBL Properties (NYSE:CBL) today announced that it has closed on a $176 million floating-rate, non-recourse loan secured primarily by a pool of three lifestyle and open-air centers. The financing represents the second and final component of the Company's refinancing of its former $634 million secured term loan. The new loan with Beal Bank USA is secured by Mayfaire Town Center (Wilmington, NC), Pearland Town Center (Pearland, TX), Southaven Town Center (Southaven, MS), and East Towne Mall (Madison, WI), all of which served as collateral under the prior term loan. The loan carries a five-year term, includes two one-year extension options, and is interest-only with a floating interest rate of SOFR + 410 basis points. "The closing of this $176 million loan completes a transformative refinancing strategy that significantly improves our balance sheet and long-term financial outlook," said Ben Jaenicke, EVP – Chief Financial Officer. "
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CBL
News
- CBL Properties Closes $176 Million Non-Recourse FinancingBusiness Wire
- CBL Properties Announces Over $600 Million in Landmark Financing Transactions [Yahoo! Finance]Yahoo! Finance
- CBL Properties Announces Over $600 Million in Landmark Financing TransactionsBusiness Wire
- 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
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/19/26 - Form 8-K
- 3/3/26 - Form 10-K
- CBL's page on the SEC website