Suffocating under retailers’ inability to pay rent and more than $3 billion in debt, CBL Properties is on its way toward declaring bankruptcy. The company announced that it reached an agreement with some of its creditors to hand control to holders of its unsecured notes and that it is negotiating with senior lenders and others who haven’t yet signed onto the deal. The process will attempt to eliminate roughly $900 million of debt, according to
source https://therealdeal.com/2020/08/19/mall-owner-cbl-properties-nears-bankruptcy/
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