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    Amendment: SEC Form SC 13D/A filed by CBL & Associates Properties Inc.

    10/1/24 7:54:50 PM ET
    $CBL
    Real Estate Investment Trusts
    Real Estate
    Get the next $CBL alert in real time by email
    SC 13D/A 1 tm2425326d1_sc13da.htm SC 13D/A

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

     

     

    SCHEDULE 13D/A

     

    Under the Securities Exchange Act of 1934

    (Amendment No. 4)*

     

    CBL & Associates Properties, Inc.

    (Name of Issuer)

     

    Common Stock, par value $0.001 per share

    (Title of Class of Securities)

     

    124830 878

    (CUSIP Number)

     

    Gabe Brecher

    Strategic Value Partners, LLC

    100 West Putnam Avenue

    Greenwich, CT 06830

    (203) 618-3500

    (Name, Address and Telephone Number of Person

    Authorized to Receive Notices and Communications)

     

    September 27, 2024

    (Date of Event Which Requires Filing of this Statement)

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  x.

     

    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Partners, LLC 

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    AF

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware 

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    1,541,562

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    1,541,562

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    1,541,562

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    4.9%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO, IA

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Victor Khosla

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    AF

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    United States of America

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    1,541,562

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    1,541,562

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    1,541,562

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    4.9%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    IN

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    SVP Capital Solutions LLC

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    AF

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    277,753

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    277,753

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    277,753

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.9%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Capital Solutions Offshore Fund, L.P.

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    WC

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    194,874

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    194,874

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    194,874

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.6%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Capital Solutions Fund, L.P.

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    WC

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    66,084

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    66,084

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    66,084

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.2%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Sullivan Offshore Fund, L.P.

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    WC

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    23,140

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    23,140

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    23,140

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.1%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    SVP Special Situations III-A LLC

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    AF

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    61,196

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    61,196

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    61,196

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.2%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Opportunities Fund, L.P.

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    WC

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    61,196

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    61,196

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    61,196

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.2%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Special Situations Offshore Fund IV, L.P.

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    WC

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    356,952

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    356,952

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    356,952

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    1.1%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Special Situations Fund IV, L.P.

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a) 
    ¨ (b) x
    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    WC

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    140,337

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    140,337

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    140,337

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.5%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    SVP Special Situations IV LLC

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    AF

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    497,289

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    497,289

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    497,289

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    1.6%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO

     

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Special Situations Offshore Fund V, L.P.

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a) 
    ¨ (b) x
    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    WC

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    404,128

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    404,128

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    404,128

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    1.3%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

           

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Special Situations Fund V, L.P.

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    WC

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    233,675

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    233,675

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    233,675

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.7%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

           

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    SVP Special Situations V LLC

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    AF

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    644,148

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    644,148

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    644,148

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    2.1%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO

           

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    Strategic Value Excelsior Fund, L.P.

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ¨ (b) x

    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    AF

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    61,176

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    61,176

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    61,176

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.2%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

           

     

     

     

    CUSIP No. 124830 878

     

    1

    NAME OF REPORTING PERSON

     

    SVP Excelsior Management LLC

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a) 
    ¨ (b) x
    3

    SEC USE ONLY

     

    4

    SOURCE OF FUNDS*

     

    AF

    5

    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

     

    ¨

    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

     

     

    NUMBER OF

    7

    SOLE VOTING POWER

     

    0

    SHARES

    BENEFICIALLY

    OWNED BY

    8

    SHARED VOTING POWER

     

    61,176

    EACH

    REPORTING

    PERSON

    9

    SOLE DISPOSITIVE POWER

     

    0

    WITH: 10

    SHARED DISPOSITIVE POWER

     

    61,176

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    61,176

    12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.2%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO

           

     

     

     

    Amendment No. 4 to Schedule 13D

     

    Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission on behalf of the Reporting Persons with respect to the Common Stock of CBL & Associates Properties, Inc. (the “Issuer”) on September 1, 2022, as amended by Amendment No. 1 thereto filed on August 26, 2024, Amendment No. 2 thereto filed on September 4, 2024 and Amendment No. 3 thereto filed on September 20, 2024 (the “Schedule 13D”). Terms defined in the Schedule 13D are used herein as so defined.

     

    Item 5. Interest in Securities of the Issuer.

     

    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 20, 2024 (the date of the filing of Amendment No. 3 to the Schedule 13D).

     

    (e) On October 1, 2024, the Reporting Persons ceased to be beneficial owners of 5% or more of the outstanding Common Stock of the Issuer. Accordingly, this Amendment No. 4 constitutes an exit filing for each of the Reporting Persons.

     

     

     

     

    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:  October 1, 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 OPPORTUNITIES FUND, L.P.  
       
    By: SVP Special Situations III-A LLC, its investment manager  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  
       
    SVP SPECIAL SITUATIONS III-A LLC  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  
       
    STRATEGIC VALUE SPECIAL SITUATIONS OFFSHORE FUND IV, L.P.  
       
    By: SVP Special Situations IV LLC, its investment manager  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

    STRATEGIC VALUE SPECIAL SITUATIONS FUND IV, L.P.  
       
    By: SVP Special Situations IV LLC, its investment manager  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  
       
    SVP SPECIAL SITUATIONS IV LLC  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

     

     

     

    STRATEGIC VALUE SPECIAL SITUATIONS OFFSHORE FUND V, L.P.  
       
    By: SVP Special Situations V LLC, its investment manager  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  
       
    STRATEGIC VALUE SPECIAL SITUATIONS FUND V, L.P.  
       
    By: SVP Special Situations V LLC, its investment manager  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  
       
    SVP SPECIAL SITUATIONS V LLC  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  
       
    STRATEGIC VALUE EXCELSIOR FUND, L.P.  
       
    By: SVP Excelsior Management LLC, its investment manager  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  
       
    SVP EXCELSIOR MANAGEMENT LLC  
       
    By: /s/ Lewis Schwartz  
      Name: Lewis Schwartz  
      Title: Chief Financial Officer  

     

     

     

     

    Schedule A

     

    Fund Date Transaction Number of
    shares
    Price
    Strategic Value Capital Solutions Offshore Fund L.P. 9/20/2024 Sale 75 $25.10
    Strategic Value Sullivan Offshore Fund, L.P. 9/20/2024 Sale 7 $25.10
    Strategic Value Capital Solutions Fund L.P. 9/20/2024 Sale 26 $25.10
    Strategic Value Special Situations Fund IV, L.P. 9/20/2024 Sale 55 $25.10
    Strategic Value Special Situations Offshore Fund IV, L.P. 9/20/2024 Sale 139 $25.10
    Strategic Value Special Situations Fund V, L.P. 9/20/2024 Sale 91 $25.10
    Strategic Value Special Situations Offshore Fund V, L.P. 9/20/2024 Sale 157 $25.10
    Strategic Value Sullivan Offshore Fund L.P. 9/20/2024 Sale 2 $25.10
    Strategic Value Excelsior Fund L.P. 9/20/2024 Sale 24 $25.10
    Strategic Value Opportunities Fund, L.P. 9/20/2024 Sale 24 $25.10
    Strategic Value Capital Solutions Offshore Fund L.P. 9/24/2024 Sale 7,652 $25.25
    Strategic Value Sullivan Offshore Fund, L.P. 9/24/2024 Sale 660 $25.25
    Strategic Value Capital Solutions Fund L.P. 9/24/2024 Sale 2,595 $25.25
    Strategic Value Special Situations Fund IV, L.P. 9/24/2024 Sale 5,511 $25.25
    Strategic Value Special Situations Offshore Fund IV, L.P. 9/24/2024 Sale 14,017 $25.25
    Strategic Value Special Situations Fund V, L.P. 9/24/2024 Sale 9,176 $25.25
    Strategic Value Special Situations Offshore Fund V, L.P. 9/24/2024 Sale 15,870 $25.25
    Strategic Value Sullivan Offshore Fund L.P. 9/24/2024 Sale 249 $25.25
    Strategic Value Excelsior Fund L.P. 9/24/2024 Sale 2,402 $25.25
    Strategic Value Opportunities Fund, L.P. 9/24/2024 Sale 2,403 $25.25
    Strategic Value Capital Solutions Offshore Fund L.P. 9/25/2024 Sale 3,309 $25.26
    Strategic Value Sullivan Offshore Fund, L.P. 9/25/2024 Sale 285 $25.26
    Strategic Value Capital Solutions Fund L.P. 9/25/2024 Sale 1,122 $25.26
    Strategic Value Special Situations Fund IV, L.P. 9/25/2024 Sale 2,383 $25.26
    Strategic Value Special Situations Offshore Fund IV, L.P. 9/25/2024 Sale 6,060 $25.26
    Strategic Value Special Situations Fund V, L.P. 9/25/2024 Sale 3,967 $25.26
    Strategic Value Special Situations Offshore Fund V, L.P. 9/25/2024 Sale 6,861 $25.26
    Strategic Value Sullivan Offshore Fund L.P. 9/25/2024 Sale 108 $25.26
    Strategic Value Excelsior Fund L.P. 9/25/2024 Sale 1,039 $25.26
    Strategic Value Opportunities Fund, L.P. 9/25/2024 Sale 1,039 $25.26
    Strategic Value Capital Solutions Offshore Fund L.P. 9/26/2024 Sale 8,511 $25.15
    Strategic Value Sullivan Offshore Fund, L.P. 9/26/2024 Sale 734 $25.15
    Strategic Value Capital Solutions Fund L.P. 9/26/2024 Sale 2,886 $25.15
    Strategic Value Special Situations Fund IV, L.P. 9/26/2024 Sale 6,130 $25.15
    Strategic Value Special Situations Offshore Fund IV, L.P. 9/26/2024 Sale 15,590 $25.15
    Strategic Value Special Situations Fund V, L.P. 9/26/2024 Sale 10,206 $25.15
    Strategic Value Special Situations Offshore Fund V, L.P. 9/26/2024 Sale 17,652 $25.15
    Strategic Value Sullivan Offshore Fund L.P. 9/26/2024 Sale 277 $25.15
    Strategic Value Excelsior Fund L.P. 9/26/2024 Sale 2,672 $25.15
    Strategic Value Opportunities Fund, L.P. 9/26/2024 Sale 2,673 $25.15
    Strategic Value Capital Solutions Offshore Fund L.P. 9/27/2024 Sale 22,387 $25.27
    Strategic Value Sullivan Offshore Fund, L.P. 9/27/2024 Sale 1,930 $25.27
    Strategic Value Capital Solutions Fund L.P. 9/27/2024 Sale 7,591 $25.27
    Strategic Value Special Situations Fund IV, L.P. 9/27/2024 Sale 16,122 $25.27
    Strategic Value Special Situations Offshore Fund IV, L.P. 9/27/2024 Sale 41,005 $25.27
    Strategic Value Special Situations Fund V, L.P. 9/27/2024 Sale 26,844 $25.27
    Strategic Value Special Situations Offshore Fund V, L.P. 9/27/2024 Sale 46,424 $25.27
    Strategic Value Sullivan Offshore Fund L.P. 9/27/2024 Sale 729 $25.27
    Strategic Value Excelsior Fund L.P. 9/27/2024 Sale 7,028 $25.27
    Strategic Value Opportunities Fund, L.P. 9/27/2024 Sale 7,030 $25.27
    Strategic Value Capital Solutions Offshore Fund L.P. 9/30/2024 Sale 8,961 $25.24
    Strategic Value Sullivan Offshore Fund, L.P. 9/30/2024 Sale 772 $25.24
    Strategic Value Capital Solutions Fund L.P. 9/30/2024 Sale 3,038 $25.24
    Strategic Value Special Situations Fund IV, L.P. 9/30/2024 Sale 6,453 $25.24
    Strategic Value Special Situations Offshore Fund IV, L.P. 9/30/2024 Sale 16,412 $25.24
    Strategic Value Special Situations Fund V, L.P. 9/30/2024 Sale 10,744 $25.24
    Strategic Value Special Situations Offshore Fund V, L.P. 9/30/2024 Sale 18,582 $25.24
    Strategic Value Sullivan Offshore Fund L.P. 9/30/2024 Sale 292 $25.24
    Strategic Value Excelsior Fund L.P. 9/30/2024 Sale 2,813 $25.24
    Strategic Value Opportunities Fund, L.P. 9/30/2024 Sale 2,814 $25.24
    Strategic Value Capital Solutions Offshore Fund L.P. 10/1/2024 Sale 5,368 $25.24
    Strategic Value Sullivan Offshore Fund, L.P. 10/1/2024 Sale 463 $25.24
    Strategic Value Capital Solutions Fund L.P. 10/1/2024 Sale 1,820 $25.24
    Strategic Value Special Situations Fund IV, L.P. 10/1/2024 Sale 3,866 $25.24
    Strategic Value Special Situations Offshore Fund IV, L.P. 10/1/2024 Sale 9,833 $25.24
    Strategic Value Special Situations Fund V, L.P. 10/1/2024 Sale 6,437 $25.24
    Strategic Value Special Situations Offshore Fund V, L.P. 10/1/2024 Sale 11,132 $25.24
    Strategic Value Sullivan Offshore Fund L.P. 10/1/2024 Sale 175 $25.24
    Strategic Value Excelsior Fund L.P. 10/1/2024 Sale 1,685 $25.24
    Strategic Value Opportunities Fund, L.P. 10/1/2024 Sale 1,686 $25.24

     

     

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