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Mall Operator CBL Signals Bankruptcy Ahead After Striking Restructuring Deal

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

One of the nation’s largest mall operators has inked a restructuring agreement contingent upon a bankruptcy filing. On Tuesday, CBL & Associates forged the deal with certain lenders that calls for the virus-hobbled REIT to submit a Chapter 11 petition by Oct. 1, according to a document filed Wednesday. The move would wipe out roughly…

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