CBL & Assoc. Properties (CBL) Commences Voluntary Bankruptcy Proceedings
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CBL Properties Commences Voluntary Bankruptcy Proceedings to Execute Noteholder Supported Plan to Significantly Strengthen Financial Position
November 2, 2020 7:00 AM ESTCHATTANOOGA, Tenn.--(BUSINESS WIRE)-- CBL Properties (NYSE: CBL) today announced that CBL & Associates Properties, Inc., CBL & Associates Limited Partnership (the Operating Partnership), and certain other related entities have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, in Houston, TX (the Court) in order to implement a plan to recapitalize the company, including restructuring portions of its debt. Through this process, all day-to-day operations and business of the Companys wholly owned, joint venture and third-party managed shopping... More
