Mall Owner CBL Misses Debt Payment, Seeks Renegotiation

Mall owner CBL & Associates Properties said it failed to make an interest payment of $11.8 million to bondholders on Monday, becoming the first major retail landlord during the coronavirus pandemic to take this step toward a bond default.

Mall Owner CBL Misses Debt Payment, Seeks Renegotiation
Mall owner CBL & Associates Properties said it failed to make an interest payment of $11.8 million to bondholders on Monday, becoming the first major retail landlord during the coronavirus pandemic to take this step toward a bond default.