CBL · CBL & Associates Properties, Inc.

Summary

CBL & Associates Properties, Inc., through its Operating Partnership and subsidiaries, entered a $425 million non-recourse loan with Goldman Sachs Bank USA on March 13, 2026, secured by mall properties. Proceeds retire part of the existing $634 million term loan; the new loan has a 7.40% fixed rate, matures April 2031, and includes a minimum debt yield covenant.

Key takeaways

• $425 million non-recourse loan dated March 13, 2026 with Goldman Sachs Bank USA
• $634 million existing secured term loan partially refinanced
• 7.40% fixed interest rate, five-year term maturing April 2031
• Secured by Cherryvale Mall (IL), Hanes Mall (NC), Kirkwood Mall (ND), and nine other mall properties
• Minimum debt yield covenant and customary financial/operating covenants
• Prepayable in full without penalty 12 months prior to maturity