From Our CEO:

CBL Properties plays a vital role in the communities in which we are located. Our properties are a center of commerce that serve as a large employment base, a valuable community partner, and generate significant taxes that support community programming. I am writing to acknowledge another significant milestone in our restructuring process.

On August 11, 2021, the United States Bankruptcy Court for the Southern District of Texas entered an order approving of the Company’s Plan of Reorganization (the “Plan”). The effective date of the plan is expected to be November 1, 2021. Over the next few months, we will be working diligently to close these complex transactions in order to emerge on November 1st as a reenergized company with a bright future.

As we have stated all along, we are confident that this path will enable us to emerge stronger with a more flexible capital structure. We are committed to our mission to serving our community to the best of our abilities for years to come.

A few key points about this news:

  • It’s business as usual at CBL’s properties. Visitors to our properties will not notice any change in our operations.
  • CBL Properties will be strengthened through this process. CBL will continue to own and operate a portfolio of market-dominant shopping centers with a vision to transform our properties from traditional enclosed malls to suburban town centers. This process will allow us to strengthen our balance sheet and provide even more flexibility to execute on our strategies.
  • CBL will continue to work with our valued service providers, business partners and retailers. CBL has a significant cash position, which along with its net cash flow, provides sufficient liquidity to run our business. We will continue to meet our ongoing financial obligations.

We hope the resources on this page will address any other questions or concerns that you might have.

For over 40 years, we have provided customers with the best in retail, dining, and entertainment. We look forward to serving you for another 40 years. Thank you for your continued support of CBL.



Stephen D. Lebovitz, Chief Executive Officer
CBL Properties

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