---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-021536"
form_type: "8-K"
ticker: "CBL"
cik: "0000910612"
company_name: "CBL & ASSOCIATES PROPERTIES INC"
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:34:38.388535+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CBL announces conditional redemption of $335M 10% Notes via $360M non-recourse loan

## Summary
- CBL to redeem $335M of 10% Senior Secured Notes on June 7, 2022, conditional on new financing closing.
- New $360M non-recourse loan secured by 91 outparcels and 13 open-air centers from an institutional lender.
- Redemption eliminates corporate guaranty, reduces interest expense, and creates ~$75M unencumbered NOI.
- Moelis & Company acted as exclusive placement agent for the transaction.
- Loan terms to be announced upon closing, expected on or around June 7, 2022.

## SEC filing metadata
- accession: 0001564590-22-021536
- form_type: 8-K
- ticker: CBL
- cik: 0000910612
- company_name: CBL & ASSOCIATES PROPERTIES INC
- filed_at: 2022-05-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910612/000156459022021536/0001564590-22-021536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910612/000156459022021536/cbl-8k_20220527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-021536
- JSON: https://secwatch.observer/filing/0001564590-22-021536.json
- Plain text: https://secwatch.observer/filing/0001564590-22-021536.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.