Highest-materiality recent filing
CBL completes $176M non-recourse loan, declares special dividend $0.175/sh
New $176M floating-rate non-recourse loan (SOFR+410 bps) secured by 4 properties; 5-year term with 2 one-year extension options.
CBL enters $425M non-recourse loan with Goldman Sachs at 7.40%, retiring part of $634M term loan
$425M non-recourse loan secured by 12 mall properties; Goldman Sachs Bank USA is lender.
CBL & Associates completes $178.9M acquisition of four malls; pro forma EPS rises
Acquired four enclosed regional malls for $178.9 million plus $2.1 million transaction costs.
CBL Properties acquires four enclosed malls for $178.9M; modifies loan to $443M
Acquired Ashland Town Center (KY), Mesa Mall (CO), Paddock Mall (FL), Southgate Mall (MT) for $178.9M.
CBL Properties board authorizes $25M stock repurchase plan through May 2026
Board authorized repurchase of up to $25M of common stock through May 1, 2026.
CBL acquires partner's 50% interest in three malls for $22.5M cash, assumes $266.7M debt
Acquired 50% interests in CoolSprings Galleria (Nashville), Oak Park Mall (Kansas City), West County Center (St. Louis).
CBL Properties repurchases 500,000 shares for $12.525M; completes $25M buyback program
Block repurchase of 500,000 shares at ~$25.05/share from a single shareholder, funded separately from existing program.
CBL & Associates Properties reports Q4 and full year 2023 results
Reported results on February 12, 2024 for quarter and year ended December 31, 2023.
CBL & Associates CFO transition complete; Khaleel out, Jaenicke in as CFO
Farzana Khaleel ceased as EVP-CFO and Treasurer Dec 31, 2022; Benjamin W. Jaenicke assumed CFO role Jan 1, 2023.
CBL declares special dividend of $2.20/share ($70M aggregate), payable Jan 18, 2023
Board declared a $2.20 per share special all-cash dividend, payable Jan 18, 2023 to holders of record Dec 12, 2022.
CBL Properties announces CFO transition; Farzana Khaleel to step down, Ben Jaenicke to assume role
Farzana Khaleel will step down as EVP-CFO effective Dec 31, 2022; consulting through Mar 31, 2023.
Dividend of $0.25/share payable Sept 30, 2022 to holders of record Sept 15, 2022; annual $1.00.
Board declared Q2 2022 dividend of $0.25 per common share, payable July 20 to holders of record July 11.
CBL announces conditional redemption of $335M 10% Notes via $360M non-recourse loan
CBL to redeem $335M of 10% Senior Secured Notes on June 7, 2022, conditional on new financing closing.
the Board of Directors of CBL & Associates Properties, Inc. (the “ Company ”) has appointed Michael A. Torres to the Board as an additional director of the Company, effective as of June 15, 2023.
Pursuant to the approval of the Company’s Board of Directors and effective May 9, 2023, CBL & Associates Properties, Inc. (the “Company”) promoted Katie A. Reinsmidt to the position of Executive Vice President – Chief Operating Officer.
On January 26, 2023, Kaj Vazales provided notice of his resignation as a member of the Board of Directors (the “Board”) of CBL & Associates Properties, Inc. (the “Company”) effective immediately.
the Board of Directors appointed the Company’s current Lead Independent Director, David J. Contis, as Chairman of the Board
On January 25, 2023, Jonathan M. Heller provided notice of his resignation as a member of the Board of Directors (the “Board”) of CBL & Associates Properties, Inc. (the “Company”), effective immediately.
Benjamin W. Jaenicke, who originally was appointed Executive Vice President – Finance of CBL effective September 1, 2022, assumed the duties of Executive Vice President – Chief Financial Officer and Treasurer of the Company, effective January 1, 2023.
effective as of 11:59 p.m. Eastern Time on December 31, 2022, Farzana Khaleel, ceased to serve as Executive Vice President – Chief Financial Officer and Treasurer of CBL.
will assume the duties of Executive Vice President – Chief Financial Officer as of January 1, 2023
Pursuant to this plan, it is anticipated that Farzana Khaleel will cease to serve as CBL’s Executive Vice President – Chief Financial Officer as of December 31, 2022
Benjamin W. Jaenicke, who has been appointed Executive Vice President – Finance of CBL effective September 1, 2022
the Board of Directors of CBL & Associates Properties, Inc. (the “ Company ”) has appointed Jeffrey Kivitz to the Board as an additional director of the Company.
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.
Max materiality 0.80 · Median 0.50 · Most common event earnings