Saddled with debt bearing interest at 10% since its restructuring last fall, CBL Properties is set to pay down a big portion of that with a new lower-rate loan on a portfolio of open-air shopping centers.
CBL Properties To Cut Expensive Debt With New CMBS Loan
New $65 Million Financing Will Redeem Portion of $395 Million in Notes Arranged as Part of Restructuring Deal
CoStar News
April 27, 2022 | 6:54 P.M.
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IN THIS ARTICLE
- Properties
- The Shoppes At Hamilton Place
2040 Hamilton Place Blvd, Chattanooga, TN
- Hamilton Crossing
2200 Hamilton Place Blvd, Chattanooga, TN
- Hamilton Corner
2115 Gunbarrel Rd, Chattanooga, TN
- The Terrace at Hamilton Place
2210 Hamilton Place Blvd, Chattanooga, TN
- Companies
- CBL & Associates Properties, Inc.
Real Estate