4//SEC Filing
SVP Dislocation LLC 4
Accession 0001062993-23-020710
CIK 0000910612other
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 6:55 PM ET
Size
21.5 KB
Accession
0001062993-23-020710
Insider Transaction Report
Form 4
Strategic Value Partners, LLC
10% Owner
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
Khosla Victor
10% Owner
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
SVP Special Situations IV LLC
10% Owner
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
SVP Special Situations V LLC
10% Owner
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
SVP Dislocation LLC
10% Owner
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
SVP Special Situations III-A LLC
10% Owner
Transactions
- Other
Common Stock
2023-11-08+16,411→ 3,215,846 total(indirect: See footnote)
Footnotes (3)
- [F1]The reported shares were received in connection with the Issuer's Third Amended Joint Chapter 11 Plan of CBL & Associates Properties, Inc. and its Affiliated Debtors (the "Plan"), which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on August 11, 2021, pursuant to which the Issuer distributed shares of its common stock to certain holders of Senior Unsecured Notes issued by the Issuer. The Reporting Persons' right to receive additional shares became fixed and irrevocable on August 11, 2021, the effective date of the Plan.
- [F2]Pursuant to the Plan, Strategic Value Capital Solutions Master Fund L.P. received 4,052 shares, Strategic Value Special Situations Master Fund IV, L.P. received 2,589 shares, Strategic Value Opportunities Fund, L.P. received 658 shares, and Strategic Value Special Situations Master Fund V, L.P. received 9,112 shares.
- [F3]Strategic Value Partners, LLC, which is indirectly majority owned and controlled by Victor Khosla, is the managing member of SVP Capital Solutions LLC (f/k/a SVP Dislocation LLC), SVP Special Situations III-A, LLC, SVP Special Situations IV LLC and SVP Special Situations V LLC (the "Investment Managers"). The reported shares are held by funds managed directly or indirectly by the Investment Managers. The filing of this Form 4 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of any of the securities reported herein. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest.
Issuer
CBL & ASSOCIATES PROPERTIES INC
CIK 0000910612
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001817732
Filing Metadata
- Form type
- 4
- Filed
- Nov 12, 7:00 PM ET
- Accepted
- Nov 13, 6:55 PM ET
- Size
- 21.5 KB