CBL & Associates Properties is setting itself up to become the first U.S. real estate investment trust to file for Chapter 11 bankruptcy reorganization during the pandemic to clear its debt, a move that includes setting up a new company.
Shopping Center Owner CBL to File for Chapter 11 Bankruptcy Reorganization
Move Comes as Part of Restructuring Agreement With Noteholders to Eliminate $1.5 Billion in Debt
By Jennifer Waters, Mark Heschmeyer
CoStar News
August 19, 2020 | 5:26 P.M.
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IN THIS ARTICLE
- Companies
- CBL & Associates Properties, Inc.
Real Estate