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CBL
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CORRECTING and REPLACING CBL Properties Announces Sale of Imperial Valley Mall for $38.1 Million

1. CBL Properties sold Imperial Valley Mall for $38.1 million cash. 2. Proceeds reduced term loan principal to $680.3 million.

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Why Bullish?

The cash sale strengthens CBL's balance sheet, improving financial flexibility. Previous asset sales have positively influenced CBL's stock price.

How important is it?

The sale improves CBL's financial standing, directly influencing investor confidence and market sentiment. Such transactions are crucial for CBL's ongoing debt management.

Why Short Term?

Immediate cash inflow may lead to short-term stock stabilization or increase. Historically, quick asset sales have provided short-term relief in liquidity.

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CBL
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--First paragraph, third sentence of release should read: Net proceeds from the sale were applied to the term loan principal balance, which after closing, was reduced to $680.3 million (instead of $630.8 million). The updated release reads: CBL PROPERTIES ANNOUNCES SALE OF IMPERIAL VALLEY MALL FOR $38.1 MILLION CBL Properties (NYSE:CBL) today announced that it had closed on the sale of Imperial Valley Mall in El Centro, CA, for $38.1 million, all cash. The pro.

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