CBL & ASSOCIATES PROPERTIES INC (CBL): debt financing — CBL enters $425M non-recourse loan with Goldman Sachs at 7.40%, retiring part of $634M term loan

CBL & ASSOCIATES PROPERTIES INC

$425M non-recourse loan secured by 12 mall properties; Goldman Sachs Bank USA is lender.
Loan carries 7.40% fixed interest, five-year term maturing April 2031.
Proceeds used to retire a portion of the existing $634M secured term loan.
Properties include Cherryvale Mall, Hanes Mall, Mall Del Norte, and nine others across the U.S.
Loan includes minimum debt yield covenant and customary financial and operating covenants.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CBL & ASSOCIATES PROPERTIES INC incurred loan of $425 million with Goldman Sachs Bank USA at 7.40% maturing maturing in April 2031.

Instrument: loan
Principal: $425 million
Counterparty: Goldman Sachs Bank USA
Rate: 7.40%
Maturity: maturing in April 2031
Event: incurrence

Exact text from the filing

entered into a $425 million non-recourse loan secured by a pool of primarily mall properties with Goldman Sachs Bank USA.

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Source: SEC EDGAR

accession 0001193125-26-115610

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