World News – US – CBL Properties declares bankruptcy as mall manager seeks debt restructuring


CBL & Associates Properties Inc
said on Monday it filed for bankruptcy protection, as it sought to implement a plan to recapitalize and restructure some of its debt The stock fell 22% before going to market before trading halt for news Tennessee-based shopping center property manager says clients, tenants and partners can expect a « status quo » at all of his properties during bankruptcy « After months of discussions and consideration of a number of alternatives, CBL management and the Board of Directors strongly believe that the implementation of the full restructuring as described in the RSA by the through a voluntary Chapter 11 bankruptcy filing will provide CBL with the best plan to emerge as a stronger and more stable company, ”said Stephen Lebovitz, managing director The stock has plunged 856% since the start of the year. year until Friday, while the S&P 500
won 12%

Visa Inc and Mastercard Inc are often seen as one and the same in the investment community, but the small differences between their businesses are becoming increasingly evident as COVID-19 changes the way people spend their money

Tomi Kilgore is the Associate Editor of Investments and News for MarketWatch and is based in New York City You can follow him on Twitter @TomiKilgore

By using this site, you agree to the
Subscription contract & conditions of use updated on 22/10/2020
Privacy Notice and
Cookie Notice

Intraday data provided by FACTSET and subject to the terms of use
Historical and current end of day data provided by FACTSET
All references are local to the hour in progress
Real-time last sale data for US Stock prices only reflect transactions reported through the Nasdaq
Intraday data delayed by at least 15 minutes or by exchange requirements

Pennsylvania Real Estate Investment Trust, NYSE: CBL, Chapter 11, Title 11, United States Code, Finance, CBL Properties

World news – United States – CBL Properties declares bankruptcy in as a shopping center the manager seeks to restructure the debt


Donnez votre avis et abonnez-vous pour plus d’infos

Vidéo du jour: