Strategic Value Partners Amends CBL & Associates Filing
Ticker: CBL · Form: SC 13D/A · Filed: Sep 20, 2024 · CIK: 910612
| Field | Detail |
|---|---|
| Company | Cbl & Associates Properties INC (CBL) |
| Form Type | SC 13D/A |
| Filed Date | Sep 20, 2024 |
| Risk Level | medium |
| Pages | 12 |
| Reading Time | 15 min |
| Key Dollar Amounts | $0.001, $26.00, $26.01, $25.83, $25.56 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, schedule-13d, ownership-change
TL;DR
SVP updated their CBL & Associates stake filing. Watch this space.
AI Summary
Strategic Value Partners, LLC, along with its affiliated funds, has filed an amendment to their Schedule 13D on September 20, 2024, regarding their holdings in CBL & Associates Properties Inc. The filing indicates a change in their beneficial ownership, though specific new percentage or dollar amounts are not detailed in this excerpt. The group, led by Victor Khosla, comprises multiple investment funds and management entities.
Why It Matters
This amendment signals a potential shift in the investment strategy or stake of a significant shareholder in CBL & Associates Properties Inc., which could influence the company's future direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased volatility or strategic shifts for the company.
Key Players & Entities
- Strategic Value Partners, LLC (company) — Filing entity
- CBL & Associates Properties Inc (company) — Subject company
- Victor Khosla (person) — Associated with Strategic Value Partners
FAQ
What specific changes in beneficial ownership are reported in this SC 13D/A filing?
This excerpt does not specify the exact changes in beneficial ownership, only that an amendment to the Schedule 13D has been filed by Strategic Value Partners, LLC and its affiliates.
When was this amendment filed?
The amendment was filed on September 20, 2024.
Who is the subject company of this filing?
The subject company is CBL & Associates Properties Inc.
Which entities are listed as group members of the filing entity?
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 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 business phone number is 423-855-0001.
Filing Stats: 3,743 words · 15 min read · ~12 pages · Grade level 8.6 · Accepted 2024-09-20 16:39:39
Key Financial Figures
- $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
- $26.00 — ore Fund L.P. 09/04/2024 Sale 4,501 $26.00 Strategic Value Sullivan Offshore Fun
- $26.01 — re Fund L.P. 09/05/2024 Sale 10,238 $26.01 Strategic Value Sullivan Offshore Fun
- $25.83 — ore Fund L.P. 09/06/2024 Sale 7,688 $25.83 Strategic Value Sullivan Offshore Fun
- $25.56 — ore Fund L.P. 09/13/2024 Sale 4,197 $25.56 Strategic Value Sullivan Offshore Fun
- $25.32 — ore Fund L.P. 09/17/2024 Sale 8,497 $25.32 Strategic Value Sullivan Offshore Fun
- $25.37 — re Fund L.P. 09/18/2024 Sale 15,498 $25.37 Strategic Value Sullivan Offshore Fun
- $25,32 — shore Fund L.P. 09/19/2024 Sale 924 $25,32 Strategic Value Sullivan Offshore Fun
Filing Documents
- tm2424443d1_sc13da.htm (SC 13D/A) — 326KB
- 0001104659-24-101720.txt ( ) — 328KB
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 September 4, 2024 (the date of the filing of Amendment No. 2 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 20, 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 Financia