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CBL & Associates closes new funding

Jun. 13, 2016 7:45 AM ETCBL & Associates Properties, Inc. (CBL) StockBy: Stephen Alpher, SA News Editor
  • Still getting access to capital despite allegations in the WSJ three weeks ago of a fraud investigation, CBL & Associates (NYSE:CBL) closes on a non-recourse $73M loan secured by Fremaux Town Center in Slidell, LA.
  • The 10-year loan has a fixed interest rate of 3.7%, and proceeds were used to retire to existing construction loans with aggregate balance of $73M.
  • Combined with another financing, CBL closed two loan deals totaling $185M last week.
  • Source: Press Release

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