(To read more on the debt and equity markets, click here.)
CHATTANOOGA, TN-With $417 million in its pocket, CBL &Associates Properties plans to pay down some of its debt. Thefinancing comes in six separate transactions secured by sixmalls.
The loans are 10-year, non-recourse deals and are individuallysecured by the Mall of Acadiana in Lafayette, LA; Citadel Mall inCharleston, SC; the Plaza at Fayette Mall in Lexington, KY; LaytonHills mall and associated center in Salt Lake City; the Shoppes atSt. Clair Square in Fairview Heights, IL; and Hamilton Corner inChattanooga.
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