04:47 PM EDT, 03/27/2026 (MT Newswires) -- CBL & Associates Properties ( CBL ) said Friday it has closed a $176 million non-recourse loan, completing the refinancing of its former $634 million secured term loan.

The new loan, together with a previously closed $425 million financing, extends the maturity of the secured term loan by five years to 2031, according to a statement.

The transaction boosts liquidity with an estimated $30 million annual increase in free cash flow and reduces total debt by over $33 million, the company added.