CBL Properties Closes $176 Million Non-Recourse Financing

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that it has closed on a $176 million floatingrate, nonrecourse loan secured primarily by a pool of three lifestyle and openair centers. The financing represents the second and final component of the Company's refinancing of its former $634 million secured term loan. The new loan with Beal Bank USA is secured by Mayfaire Town Center (Wilmington, NC), Pearland Town Center (Pearland, TX), Southaven Town Center (South. ...