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Shopping Mall Owner Files Restructuring Plan to Wipe Out $1.6 Billion in Debt

Tennessee-Based CBL Still Needs to Win Bankruptcy Court Approval

CBL & Associates Properties, owner of the Harford Mall in Bel Air, Maryland, is looking to emerge from bankruptcy with a significantly reduced debt load. (CoStar)
CBL & Associates Properties, owner of the Harford Mall in Bel Air, Maryland, is looking to emerge from bankruptcy with a significantly reduced debt load. (CoStar)

Mall owner CBL & Associates Properties said it hopes to reorganize with a plan to slash its debt and interest payments by more than $1.64 billion, according to U.S. bankruptcy court and regulatory filings.

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