CBL Properties Announces Sale of Layton Hills Mall for $37.125 Million
“We are pleased to complete the sale of Layton Hills Mall, which is a terrific example of the strength of stable enclosed mall assets in dynamic markets,” commented Stephen D. Lebovitz, CBL’s Chief Executive Officer. “Importantly, we were able to utilize existing value within the term loan pool to help meet the term loan principal balance extension test in November 2025. We look forward to announcing additional future transactions to strengthen our balance sheet through reducing debt and lengthening our maturity schedule.”
About CBL Properties
Headquartered in
Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.
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Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com
Source: CBL Properties