XML 41 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 15 – Subsequent Events

In October 2021, Brookfield Square Anchor S, LLC (the “Brookfield Debtor”) filed for bankruptcy. For avoidance of doubt, the Plan and the disclosures related thereto in this quarterly report do not apply with respect to the Brookfield Debtor, which remains a debtor-in-possession and was not subject to the Plan.

In October 2021, the Company completed the sale of the Residences at Pearland Town Center for $8,750.

In October 2021, the foreclosure of Park Plaza was completed.

In October 2021, the loan secured by The Shoppes at Eagle Point was extended for one year with a new maturity date of October 2022.

On November 1, 2021, the conditions to effectiveness of the Plan were satisfied and the Debtors emerged from the Chapter 11 Cases. See Note 2 for more information.

In November 2021, HoldCo II redeemed $60,000 aggregate principal amount of the Secured Notes pursuant to an optional redemption, which left an outstanding balance of $395,000.

On November 2, 2021, the newly issued common stock of the Company commenced trading on the NYSE under the symbol CBL. See Note 2 for more information.

In November 2021, the Company used funds from its matured U.S. Treasury securities to purchase $149,997 in U.S. Treasury securities with maturities through November 2021.