CBL & Associates to repay credit facilities via note offering proceeds

By Tali Rackner

Norfolk, Va., Oct. 1 – CBL & Associates LP plans to use the proceeds from a senior note offering to reduce amounts outstanding under its unsecured revolving credit facilities, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used for general business purposes.

CBL is a Chattanooga, Tenn.-based owner and developer of malls and shopping centers.

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