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home / news releases / CBL - REIT Investors Must Follow CBL & Associates Bankruptcy Case

CBL - REIT Investors Must Follow CBL & Associates Bankruptcy Case

CBL & Associates Properties Inc.
  • REIT mall owner CBL & Associates filed for Ch.11 bankruptcy on Nov.1.
  • Actions taken by the administrative agent for bank lenders forced the bankruptcy filing.
  • A new term sheet for recoveries was filed on Oct. 27 that would give a less favorable recovery for noteholders than the RSA.
  • Unsecured noteholders are attempting to do a "cram up" Ch.11 reorganization plan.
  • There could be a very nasty fight between stakeholders before this bankruptcy case is over.

For further details see:

REIT Investors Must Follow CBL & Associates Bankruptcy Case
Stock Information
Company Name: CBL & Associates Properties Inc.
Stock Symbol: CBL
Market: NYSE
Website: cblproperties.com
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