Strategic Value Partners Amends CBL & Associates Stake
Ticker: CBL · Form: SC 13D/A · Filed: Sep 4, 2024 · CIK: 910612
| Field | Detail |
|---|---|
| Company | Cbl & Associates Properties INC (CBL) |
| Form Type | SC 13D/A |
| Filed Date | Sep 4, 2024 |
| Risk Level | medium |
| Pages | 12 |
| Reading Time | 14 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, real-estate
Related Tickers: CBL
TL;DR
SVP updated their CBL stake filing on 9/4. Watch this space.
AI Summary
Strategic Value Partners, LLC, along with its affiliated entities, has filed an amendment to their Schedule 13D on September 4, 2024, regarding their beneficial ownership of CBL & Associates Properties Inc. The filing indicates a change in their holdings, though specific new dollar amounts or percentages are not detailed in this excerpt. The group, led by Victor Khosla, is a significant stakeholder in the real estate investment trust.
Why It Matters
This filing signals a potential shift in the ownership structure or strategy of CBL & Associates Properties Inc., which could impact its stock performance and future business decisions.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in investor strategy, potentially leading to increased volatility or strategic actions affecting the company.
Key Players & Entities
- Strategic Value Partners, LLC (company) — Filing entity
- CBL & Associates Properties Inc (company) — Subject company
- Victor Khosla (person) — Leader of Strategic Value Partners
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
This excerpt does not provide specific details on the exact changes in beneficial ownership, only that an amendment to the Schedule 13D was filed on September 4, 2024.
Who are the primary group members filing this amendment?
The primary group members include various Strategic Value Capital Solutions Funds, L.P. entities, SVP Capital Solutions LLC, SVP Excelsior Management LLC, SVP Special Situations LLC entities, 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.
What is the business address and phone number for CBL & Associates Properties Inc.?
The business address is 2030 Hamilton Place Blvd, Suite 500, CBL Center, Chattanooga, TN 37421, and the phone number is 423-855-0001.
What is the filing date of this SC 13D/A amendment?
The filing was made on September 4, 2024.
Filing Stats: 3,624 words · 14 min read · ~12 pages · Grade level 9.1 · Accepted 2024-09-04 17:29:31
Key Financial Figures
- $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- tm2423390d1_sc13da.htm (SC 13D/A) — 316KB
- 0001104659-24-096936.txt ( ) — 318KB
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 since August 26, 2024 (the date of the filing of Amendment No. 1 to the Schedule 13D). 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: September 4, 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 Of