CBL Properties Closes $176 Million Non-Recourse Financing

March 27, 2026 - 19:15

CHATTANOOGA, Tenn., March 27, 2026—CBL Properties has successfully finalized a substantial $176 million financing arrangement. The new loan is structured as a floating-rate, non-recourse facility, meaning it is secured solely by the underlying properties without additional liability to the company. This financing is backed primarily by a curated portfolio of three popular lifestyle and open-air shopping centers.

This transaction marks a critical strategic milestone for the real estate investment trust. It completes the second and final phase of the company's comprehensive plan to refinance its previous $634 million secured term loan. The successful closure of this deal provides CBL with enhanced financial flexibility and aligns with its ongoing strategy to strengthen its balance sheet.

Company representatives highlighted that the proceeds from this financing will be used for general corporate purposes. The move is seen as a positive step in optimizing the company's capital structure and underscores lender confidence in the performance and value of CBL's lifestyle center portfolio. This strategic financial management is expected to support the company's long-term operational goals and stability in the evolving retail marketplace.