CBL continue talks with lenders after forbearance extended

Jul. 23, 2020 9:23 AM ETCBL & Associates Properties, Inc. (CBL)CBLBy: Liz Kiesche, SA News Editor19 Comments
  • CBL & Associates (NYSE:CBL) jumps 5.5% in premarket trading as the mall owner extends forbearance agreements with some holders of 2023 notes and 2026 notes and with bank lenders.
  • 2023 note forbearance extended to July 27.
  • Meanwhile, it continues to negotiate with noteholders and lenders regarding its debt.
  • As previously reported, CBL has skipped a $11.8M interest payment due June 1, 2020.
  • Last week, Bloomberg reported that the company is preparing to file for Chapter 11 bankruptcy.
  • See CBL's earnings from continuing operations in the past three quarters (Q1 2020-Q3 2019):

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