Hamilton Corner, Idaho

CBL Properties Completes Partial Redemption of 10% Senior Secured Notes Utilizing Proceeds From New $65 Million Secured Non-Recourse Financing

Retrieved on: 
Thursday, May 26, 2022
Commercial Building & Real Estate, Construction & Property, Department Stores, Finance, Other Retail, REIT, Professional Services, Restaurant, Bar, Retail, Senior, Hamilton Corner, Idaho, Conversation, CBL Properties, U.S. Securities and Exchange Commission, Terrace, CMBS, Financial condition report, Result, Note, Shoppes at Park Place, Hamilton Place, Security (finance), LLC, CBL, NYSE, Analysis, Regal

CBL Properties (NYSE: CBL) today announced that it has completed a partial redemption of outstanding 10% Senior Secured Notes.

Key Points: 
  • CBL Properties (NYSE: CBL) today announced that it has completed a partial redemption of outstanding 10% Senior Secured Notes.
  • The Notes were redeemed utilizing CBLs share of net proceeds from the previously announced new $65.0 million non-recourse loan.
  • We are thrilled to close this new 10-year fixed-rate loan and complete the partial notes redemption, said Stephen Lebovitz, chief executive officer, CBL Properties.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.

CBL Properties Announces New $65 Million Secured Financing and Anticipated Partial Redemption of 10% Senior Secured Notes

Retrieved on: 
Tuesday, April 26, 2022
Professional Services, Retail, Other Retail, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Issuer, CBL Properties, CBL, Redemption, LLC, U.S. Securities and Exchange Commission, Documentation, Security (finance), Conversation, Analysis, Sale, CMBS, The Terrace, Shoppes at Park Place, NYSE, Result, Senior, Hamilton Corner, Idaho, Financial condition report, Hamilton Place, Terrace, Bank, Note

CBL Properties (NYSE: CBL) today announced that it has entered into a term sheet for a new $65.0 million non-recourse loan.

Key Points: 
  • CBL Properties (NYSE: CBL) today announced that it has entered into a term sheet for a new $65.0 million non-recourse loan.
  • CBL also announced a partial redemption of outstanding 10% Senior Secured Notes utilizing its share of net proceeds from the new financing and available cash.
  • The Redemption is conditioned upon the receipt by the Issuer of net cash proceeds from the new financing.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.