Benzinga | Aug 5, 2020 05:43PM EDT

Seeing Report CBL & Associates Properties Made $30.4M In Interest Payments

ITEM 7.01 Regulation FD DisclosureOn August 5, 2020, CBL & Associates Limited Partnership (the "Operating Partnership"), the majority owned subsidiary of CBL & AssociatesProperties, Inc. (the "REIT") (collectively, the Operating Partnership and the REIT are referred to as the "Company") made the $11.8 million interest payment thatwas due and payable on June 1, 2020 (the "2023 Notes Interest Payment") to holders of the Operating Partnership's 5.25% senior unsecured notes due 2023(the "2023 Notes") and the $18.6 million interest payment that was due and payable on June 15, 2020 (the "2026 Notes Interest Payment") to holders of theOperating Partnership's 5.95% senior unsecured notes due 2026 (the "2026 Notes," together with the 2023 Notes, the "Notes"). Accordingly, the nonpayment ofeach of the 2023 Notes Interest Payment and the 2026 Notes Interest Payment no longer constitutes (i) an "event of default" under the indenture governing theNotes that occurred and is continuing or (ii) to the extent provided in the Bank Forbearance Agreement (as defined below), an "event of default" under the CreditAgreement, dated as of January 30, 2019