published Wednesday, January 4th, 2012

CBL refinancing frees up millions

CBL & Associates Properties Inc. refinanced $383 million of debt during December to free up more than $160 million in excess proceeds.

The Chattanooga-based shopping center development company said it completed new loans last month under more attractive rates and terms for its shopping centers in Fayetteville, N.C.; Oklahoma City; St. Louis; and D'Iberville, Miss.

For all of 2011, CBL completed more than $2.3 billion in financing activity, Chief Finance Officer John Foy said. "demonstrates our continued strong borrowing relationships a well as the tremendous value of our dominate mall assets."

about Staff Report...

Get breaking news from the Times Free Press on Twitter at www.twitter.com/timesfreepress or by visiting us on Facebook or Twitter at the right:

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.