8-K
filed November 2, 2021, 7:59 PM ET
ticker CBL
CIK 0000910612
other material
confidence high
sentiment positive
materiality 0.95
CBL emerges from Chapter 11, secures $884M loan, $455M notes, relists on NYSE
CBL & ASSOCIATES PROPERTIES INC
- Emerged from Chapter 11 on Nov 1, 2021; NYSE approved listing of common stock under symbol CBL effective Nov 2, 2021.
- Entered $883.7M senior secured term loan facility due 2025-2027, LIBOR+275bps (1.0% floor).
- Issued $455M 10% senior secured notes due 2029 and $150M 7.0% exchangeable senior secured notes due 2028.
- New equity incentive plan authorizes 3,222,222 shares; registration rights agreement filed with SEC.
- Fifth Amended and Restated OP Agreement adopted; all prior equity interests cancelled.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David J. Contis was appointed as Lead Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- appointed
- Role
- Lead Director
Exact text from the filing
on the Effective Date the Board consists of the following eight members: Stephen D. Lebovitz, Charles B. Lebovitz, Marjorie L. Bowen, David J. Contis, David M. Fields, Robert G. Gifford, Jonathan M. Heller and Kaj Vazales.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
A. Larry Chapman resigned as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Cases and pursuant to the Plan: A. Larry Chapman, Matthew S. Dominski, John D. Griffith, Kathleen M. Nelson, Carolyn B. Tiffany, Scott D. Vogel and Richard J. Lieb.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert G. Gifford was appointed as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
on the Effective Date the Board consists of the following eight members: Stephen D. Lebovitz, Charles B. Lebovitz, Marjorie L. Bowen, David J. Contis, David M. Fields, Robert G. Gifford, Jonathan M. Heller and Kaj Vazales.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marjorie L. Bowen was appointed as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
on the Effective Date the Board consists of the following eight members: Stephen D. Lebovitz, Charles B. Lebovitz, Marjorie L. Bowen, David J. Contis, David M. Fields, Robert G. Gifford, Jonathan M. Heller and Kaj Vazales.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Jonathan M. Heller was appointed as Chairman of the Board at CBL & ASSOCIATES PROPERTIES INC.
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
As of the Effective Date, Jonathan M. Heller is the chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kathleen M. Nelson resigned as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Cases and pursuant to the Plan: A. Larry Chapman, Matthew S. Dominski, John D. Griffith, Kathleen M. Nelson, Carolyn B. Tiffany, Scott D. Vogel and Richard J. Lieb.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David M. Fields was appointed as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
on the Effective Date the Board consists of the following eight members: Stephen D. Lebovitz, Charles B. Lebovitz, Marjorie L. Bowen, David J. Contis, David M. Fields, Robert G. Gifford, Jonathan M. Heller and Kaj Vazales.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kaj Vazales was appointed as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- appointed
- Role
- Director
Exact text from the filing
on the Effective Date the Board consists of the following eight members: Stephen D. Lebovitz, Charles B. Lebovitz, Marjorie L. Bowen, David J. Contis, David M. Fields, Robert G. Gifford, Jonathan M. Heller and Kaj Vazales.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Carolyn B. Tiffany resigned as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Cases and pursuant to the Plan: A. Larry Chapman, Matthew S. Dominski, John D. Griffith, Kathleen M. Nelson, Carolyn B. Tiffany, Scott D. Vogel and Richard J. Lieb.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard J. Lieb resigned as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Cases and pursuant to the Plan: A. Larry Chapman, Matthew S. Dominski, John D. Griffith, Kathleen M. Nelson, Carolyn B. Tiffany, Scott D. Vogel and Richard J. Lieb.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott D. Vogel resigned as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Cases and pursuant to the Plan: A. Larry Chapman, Matthew S. Dominski, John D. Griffith, Kathleen M. Nelson, Carolyn B. Tiffany, Scott D. Vogel and Richard J. Lieb.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew S. Dominski resigned as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Cases and pursuant to the Plan: A. Larry Chapman, Matthew S. Dominski, John D. Griffith, Kathleen M. Nelson, Carolyn B. Tiffany, Scott D. Vogel and Richard J. Lieb.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John D. Griffith resigned as Director at CBL & ASSOCIATES PROPERTIES INC.
- Action
- resigned
- Role
- Director
Exact text from the filing
the following directors have been deemed to have resigned from the Board in connection with the Company’s emergence from the Chapter 11 Cases and pursuant to the Plan: A. Larry Chapman, Matthew S. Dominski, John D. Griffith, Kathleen M. Nelson, Carolyn B. Tiffany, Scott D. Vogel and Richard J. Lieb.
View on SEC.gov
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