CORRECTING and REPLACING CBL Properties Announces Sale of Imperial Valley Mall for $38.1 Million
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CBL Properties has sold the Imperial Valley Mall for $38.1 million, using the net proceeds to reduce its term loan principal balance to $680.3 million.
February 17, 2025 | 3:00 pm
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CBL Properties sold the Imperial Valley Mall for $38.1 million, applying the proceeds to reduce its term loan principal to $680.3 million.
The sale of the Imperial Valley Mall for $38.1 million allows CBL Properties to reduce its debt, which is a positive financial move. This transaction directly impacts CBL's financial health by lowering its term loan principal, potentially improving investor sentiment and stock price in the short term.
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