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Mall Operator CBL Signals Bankruptcy Ahead After Striking Restructuring Deal

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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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