CBL & Associates eyes $300 million offering of 10-year senior notes

By Aleesia Forni

Virginia Beach, Oct. 1 – CBL & Associates LP is set to bring a $300 million offering of 10-year senior notes to market, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, J.P. Morgan Securities LLC, RBC Capital Markets LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to reduce amounts outstanding under its revolving credit facilities and for general business purposes.

The notes will be guaranteed by CBL & Associates Properties Inc.

CBL is a Chattanooga, Tenn.-based owner and developer of malls and shopping centers.

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