CBL Properties Files for Chapter 11 Bankruptcy Protection
CHATTANOOGA, TENN. — Against headwinds brought on by the COVID-19 pandemic, CBL Properties Inc. (NYSE: CBL) filed for Chapter 11 bankruptcy protection on Sunday, Nov. 1. Chattanooga-based CBL owns and manages a portfolio of 107 properties totaling 66.7 million square feet across 26 states, including 65 enclosed, outlet and open-air retail centers and eight properties managed for third parties.The company entered into an Restructuring Support Agreement in August with a group of bondholders …