
CBL Properties (NYSE:CBL) announced today that it has completed the refinancing of Fayette Mall, a dominant super-regional enclosed mall located in Lexington, Kentucky. The financing replaces the existing $98.6 million

<p xmlns="http://www.w3.org/1999/xhtml">
CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CBL">CBL</a>) announced today that it has completed the refinancing of Fayette Mall, a dominant super-regional enclosed mall located in Lexington, Kentucky. The financing replaces the existing $98.6 million loan with a new $97.5 million, five‑year non-recourse CMBS loan with a fixed interest rate of approximately 7.25%. The new loan's more favorable amortization structure results in approximately $5.0 million in additional cash flow to CBL.

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"This refinancing underscores the strength and attractiveness of high‑quality retail real estate in the capital markets and reflects lender confidence in Fayette Mall's performance and long‑term outlook," said Ben Jaenicke, CBL's EVP - Chief Financial Officer. "We continue to make significant progress addressing upcoming maturities through disciplined, non-recourse, asset-level financing that improves our cash flows and creates flexibility in our capital structure. Our maturity profile in 2027 and beyond is well-laddered with modest near-term maturities."

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Fayette Mall is one of CBL's flagship assets and benefits from strong tenant demand, solid operating fundamentals, and its position as the leading retail destination in the Lexington market.

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<b xmlns="http://www.w3.org/1999/xhtml">About CBL Properties</b>

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Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's owned and managed portfolio is comprised of 88 properties totaling 55.6 million square feet across 23 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fcblproperties.com&amp;esheet=54527033&amp;newsitemid=20260501800207&amp;lan=en-US&amp;anchor=cblproperties.com&amp;index=1&amp;md5=041b5a19a0775201bcb6b94fa730a42f" shape="rect">cblproperties.com</a>.

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<i xmlns="http://www.w3.org/1999/xhtml">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.</i>

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CBL_Corp

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260501800207r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260501800207/en/" rel="nofollow">https://www.businesswire.com/news/home/20260501800207/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Investor Contact: Katie Reinsmidt, Executive Vice President &amp; Chief Operating Officer, 423.490.8301, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Katie.Reinsmidt@cblproperties.com" shape="rect">Katie.Reinsmidt@cblproperties.com</a>

</p>

CBL Properties Announces New $97.5 Million Loan Secured by Fayette Mall in Lexington, KY

CBL Properties Secures Refinancing for Fayette Mall Boosting Cash Flow

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CBL Properties (NYSE:CBL) announced today that it has completed the refinancing of Fayette Mall, a dominant super-regional enclosed mall located in Lexington, Kentucky. The financing replaces the existing $98.6 million</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>CBL Properties has successfully refinanced Fayette Mall, securing a new $97.5 million loan that will enhance cash flow by $5 million. This move reflects confidence in the mall&#039;s performance and provides a well-structured maturity profile, indicating a positive outlook for CBL&#039;s financial health.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>CBL refinanced Fayette Mall, reducing debt to $97.5 million.</li><li>New loan has a fixed rate of about 7.25% over five years.</li><li>Refinancing will increase CBL&#039;s cash flow by approximately $5 million.</li><li>CBL maintains strong confidence in Fayette Mall’s market position.</li><li>Company&#039;s maturity profile appears well-structured through 2027.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>CBL Properties (CBL)</strong>: The refinancing indicates strong asset management improving cash flow.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it highlights a key strategic financing decision by CBL that bolsters its financial standing and temporarily reduces risk associated with debt maturity.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The refinancing adds $5 million in annual cash flow, enhancing financial stability.</li><li>A favorable amortization structure indicates improved financial flexibility for CBL.</li><li>Market confidence is highlighted by lender support for Fayette Mall.</li><li>Fayette Mall&#039;s strong tenant demand signals robust operational fundamentals.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>CBL replaced a $98.6 million loan with a $97.5 million refinancing.</li><li>New loan fixed interest rate is approximately 7.25% for five years.</li><li>Fayette Mall is a key asset in CBL&#039;s portfolio, boosting cash flow by $5 million.</li><li>CBL owns a total of 88 properties across 23 states.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider a bullish stance on CBL due to improved cash flow and structure.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CBL">CBL</a>) announced today that it has completed the refinancing of Fayette Mall, a dominant super-regional enclosed mall located in Lexington, Kentucky. The financing replaces the existing $98.6 million loan with a new $97.5 million, five‑year non-recourse CMBS loan with a fixed interest rate of approximately 7.25%. The new loan's more favorable amortization structure results in approximately $5.0 million in additional cash flow to CBL.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"This refinancing underscores the strength and attractiveness of high‑quality retail real estate in the capital markets and reflects lender confidence in Fayette Mall's performance and long‑term outlook," said Ben Jaenicke, CBL's EVP - Chief Financial Officer. "We continue to make significant progress addressing upcoming maturities through disciplined, non-recourse, asset-level financing that improves our cash flows and creates flexibility in our capital structure. Our maturity profile in 2027 and beyond is well-laddered with modest near-term maturities."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Fayette Mall is one of CBL's flagship assets and benefits from strong tenant demand, solid operating fundamentals, and its position as the leading retail destination in the Lexington market.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About CBL Properties</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's owned and managed portfolio is comprised of 88 properties totaling 55.6 million square feet across 23 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 25 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fcblproperties.com&amp;esheet=54527033&amp;newsitemid=20260501800207&amp;lan=en-US&amp;anchor=cblproperties.com&amp;index=1&amp;md5=041b5a19a0775201bcb6b94fa730a42f" shape="rect">cblproperties.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">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.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
CBL_Corp

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260501800207r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260501800207/en/" rel="nofollow">https://www.businesswire.com/news/home/20260501800207/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Investor Contact: Katie Reinsmidt, Executive Vice President &amp; Chief Operating Officer, 423.490.8301, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Katie.Reinsmidt@cblproperties.com" shape="rect">Katie.Reinsmidt@cblproperties.com</a>

</p>

CBL Properties has successfully refinanced Fayette Mall, securing a new $97.5 million loan that will enhance cash flow by $5 million. This move reflects confidence in the mall's performance and provides a well-structured maturity profile, indicating a positive outlook for CBL's financial health.

CBL Properties Announces New $97.5 Million Loan Secured by Fayette Mall in Lexington, KY

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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