05:03 PM EDT, 03/13/2026 (MT Newswires) -- CBL & Associates Properties ( CBL ) refinanced its existing $634 million term loan through two complementary transactions.

CBL closed on a $425 million non-recourse financing secured primarily by a pool of mall properties and expects to close soon on a $176 million floating-rate bank loan secured by a pool of open-air lifestyle centers.

Refinancing ahead of the original November 2027 maturity is expected to increase annual free cash flow by more than $30 million, the company said Friday in a statement.