Strategic Value Partners Amends CBL & Associates Stake
Ticker: CBL · Form: SC 13D/A · Filed: Aug 26, 2024 · CIK: 910612
| Field | Detail |
|---|---|
| Company | Cbl & Associates Properties INC (CBL) |
| Form Type | SC 13D/A |
| Filed Date | Aug 26, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, amendment, ownership-filing
TL;DR
SVP updated their CBL & Associates stake filing. Keep an eye on this one.
AI Summary
Strategic Value Partners, LLC, along with its affiliated funds, has filed an amendment to their Schedule 13D, indicating a change in their beneficial ownership of CBL & Associates Properties Inc. The filing, dated August 26, 2024, details the group's holdings and intentions regarding the company. The specific percentage of ownership and any new dollar amounts are not detailed in this excerpt, but the amendment signifies an active stake.
Why It Matters
This filing indicates a potential shift in the shareholder landscape of CBL & Associates Properties Inc., which could influence the company's strategic direction or future corporate actions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often signal increased activist interest or changes in investment strategy, which can introduce volatility.
Key Players & Entities
- Strategic Value Partners, LLC (company) — Filing entity
- CBL & Associates Properties Inc (company) — Subject company
- Victor Khosla (person) — Group member
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
This excerpt does not specify the exact percentage change or new dollar amounts of beneficial ownership, only that an amendment to the Schedule 13D has been filed by Strategic Value Partners, LLC and its affiliates.
Who are the group members listed in this filing?
The group members include various Strategic Value Capital Solutions Funds, Strategic Value Excelsior Fund, Strategic Value Opportunities Fund, Strategic Value Special Situations Funds, Strategic Value Sullivan Offshore Fund, SVP Capital Solutions LLC, SVP Excelsior Management LLC, SVP Special Situations LLCs, and Victor Khosla.
What is the subject company's Central Index Key (CIK)?
The subject company, CBL & Associates Properties Inc., has a Central Index Key of 0000910612.
When was this amendment filed?
This SC 13D/A filing was filed as of date August 26, 2024.
What is the business address of CBL & Associates Properties Inc.?
The business address of CBL & Associates Properties Inc. is 2030 Hamilton Place Blvd, Suite 500, CBL Center, Chattanooga, TN 37421.
Filing Stats: 4,523 words · 18 min read · ~15 pages · Grade level 7.2 · Accepted 2024-08-26 20:49:31
Key Financial Figures
- $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- tm2422744d1_sc13da.htm (SC 13D/A) — 502KB
- 0001104659-24-092989.txt ( ) — 504KB
of the Schedule 13D is amended and supplemented as follows
Item 5 of the Schedule 13D is amended and supplemented as follows: (a) — (b) The information requested by these subsections is incorporated herein by reference to the information provided on the cover pages to this Schedule 13D. All percentages set forth herein are based on 31,466,806 shares of Common Stock of the Issuer outstanding as of August 7, 2024, as reported in the Issuer’s Form 10-Q filed with the SEC on August 9, 2024. (c) Except as set forth on Schedule A , no Reporting Person has effected any transaction in shares of Common Stock during the sixty (60) days preceding the date of this statement. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: August 26, 2024 STRATEGIC VALUE PARTNERS, LLC By: /s/ Lewis Schwartz Name: Lewis Schwartz Title: Chief Financial Officer /s/ Victor Khosla Victor Khosla SVP CAPITAL SOLUTIONS LLC (FKA SVP DISLOCATION LLC) By: /s/ Lewis Schwartz Name: Lewis Schwartz Title: Chief Financial Officer STRATEGIC VALUE CAPITAL SOLUTIONS OFFSHORE FUND, L.P. By: SVP Capital Solutions LLC (fka SVP Dislocation LLC) , its investment manager By: /s/ Lewis Schwartz Name: Lewis Schwartz Title: Chief Financial Officer STRATEGIC VALUE CAPITAL SOLUTIONS FUND, L.P. By: SVP Capital Solutions LLC (fka SVP Dislocation LLC) , its investment manager By: /s/ Lewis Schwartz Name: Lewis Schwartz Title: Chief Financial Officer STRATEGIC VALUE SULLIVAN OFFSHORE FUND, L.P. By: SVP Capital Solutions LLC (fka SVP Dislocation LLC) , its investment manager By: /s/ Lewis Schwartz Name: Lewis Schwartz Title: Chief Financial Officer STRATEGIC VALUE SULLIVAN OFFSHORE FUND, L.P. By: SVP Special Situations V LLC, its investment manager By: /s/ Lewis Schwartz Name: Lewis Schwartz Title: Chief Financial Officer STRATEGIC VALUE