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 programs in our communities. I am writing to communicate the important steps we are taking to position CBL for future success.
CBL has entered into an amended and restated restructuring support agreement (“RSA”) with a group representing a majority of our bondholders and credit facility lenders that will allow us to significantly strengthen our balance sheet and organization. This comprehensive restructuring will be implemented through the cases commenced by the Company and certain related subsidiaries under Chapter 11 of the Bankruptcy Code.
We are confident that this path will enable us to emerge stronger. 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. All CBL’s properties will continue to operate as normal. 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
Information & Resources
Frequently Asked Questions:
Court Filings and information about the claims process are available here: https://dm.epiq11.com/cblprope...
Epiq Restructuring Hotline:
Toll Free U.S. #: (855)-914-5668
International #: +1 (503)-520-4416
By Email: firstname.lastname@example.org