CBL & Associates Properties, Inc – Citing Bankruptcies of 30 Retail Tenants During COVID-Blighted 2020, Leading Mall Operator Files Chapter 11; RSA Has Bondholders Exchanging $1.375bn of Debt for 90% of Emerged Company; Battle with Senior Lenders Looms
November 1, 2020 – CBL & Associates Properties, Inc and 176 affiliated Debtors (NYSE: CBL; “CBL” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-35226. The Debtors, owners and operators of a mall portfolio comprised of 107 properties totaling 66.7 million…