CBL Properties and Required Consenting Noteholders Extend Petition Deadline to October 15, 2020

Sep 28, 2020

CBL Properties (NYSE:CBL, Financial) today announced that the Petition Date under the Restructuring Support Agreement (the “RSA”) has been extended from October 1, 2020 to October 15, 2020. The RSA was entered into on August 18, 2020, with certain beneficial owners and/or investment advisors or managers of discretionary funds, accounts, or other entities (the “Noteholders”) representing in excess of 60%, including joining noteholders added pursuant to joinder agreements, of the aggregate principal amount of the Operating Partnership’s 5.25% senior unsecured notes due 2023 (the “2023 Notes”), the Operating Partnership’s 4.60% senior unsecured notes due 2024 (the “2024 Notes”) and the Operating Partnership’s 5.95% senior unsecured notes due 2026 (the “2026 Notes” and together with the 2023 Notes and the 2024 Notes, the “Unsecured Notes”).

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