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

    9/4/24 5:29:31 PM ET
    $CBL
    Real Estate Investment Trusts
    Real Estate
    Get the next $CBL alert in real time by email
    SC 13D/A 1 tm2423390d1_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. 2)*

     

    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)

     

    August 30, 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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    2,394,381

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    2,394,381

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    2,394,381

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    7.6%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    2,394,381

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    2,394,381

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    2,394,381

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    7.6%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    431,411

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    431,411

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    431,411

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    1.4%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    302,680

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    302,680

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    302,680

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    1.0%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    102,640

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    102,640

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    102,640

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.3%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    35,947

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    35,947

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    35,947

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    95,052

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    95,052

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    95,052

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.3%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    95,052

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    95,052

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    95,052

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.3%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    554,421

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    554,421

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    554,421

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    1.8%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    217,976

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    217,976

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    217,976

    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 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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    772,397

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    772,397

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    772,397

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    2.5%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    627,699

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    627,699

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    627,699

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    2.0%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    362,947

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    362,947

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    362,947

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    1.2%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    1,000,502

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    1,000,502

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    1,000,502

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    3.2%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    95,019

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    95,019

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    95,019

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.3%

    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

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

    7

    SOLE VOTING POWER

     

    0

    8

    SHARED VOTING POWER

     

    95,019

    9

    SOLE DISPOSITIVE POWER

     

    0

    10

    SHARED DISPOSITIVE POWER

     

    95,019

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    95,019

    12

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

     

    ¨

    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

     

    0.3%

    14

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO

     

     

     

     

    Amendment No. 2 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 (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 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 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.   08/27/2024    Sale    14,561   $27.04 
    Strategic Value Sullivan Offshore Fund, L.P.   08/27/2024    Sale    1,255   $27.04 
    Strategic Value Capital Solutions Fund L.P.   08/27/2024    Sale    4,938   $27.04 
    Strategic Value Special Situations Fund IV, L.P.   08/27/2024    Sale    10,486   $27.04 
    Strategic Value Special Situations Offshore Fund IV, L.P.   08/27/2024    Sale    26,671   $27.04 
    Strategic Value Special Situations Fund V, L.P.   08/27/2024    Sale    17,460   $27.04 
    Strategic Value Special Situations Offshore Fund V, L.P.   08/27/2024    Sale    30,196   $27.04 
    Strategic Value Sullivan Offshore Fund L.P.   08/27/2024    Sale    474   $27.04 
    Strategic Value Excelsior Fund L.P.   08/27/2024    Sale    4,571   $27.04 
    Strategic Value Opportunities Fund, L.P.   08/27/2024    Sale    4,572   $27.04 
    Strategic Value Capital Solutions Offshore Fund L.P.   08/28/2024    Sale    8,521   $26.62 
    Strategic Value Sullivan Offshore Fund, L.P.   08/28/2024    Sale    735   $26.62 
    Strategic Value Capital Solutions Fund L.P.   08/28/2024    Sale    2,890   $26.62 
    Strategic Value Special Situations Fund IV, L.P.   08/28/2024    Sale    6,137   $26.62 
    Strategic Value Special Situations Offshore Fund IV, L.P.   08/28/2024    Sale    15,607   $26.62 
    Strategic Value Special Situations Fund V, L.P.   08/28/2024    Sale    10,218   $26.62 
    Strategic Value Special Situations Offshore Fund V, L.P.   08/28/2024    Sale    17,672   $26.62 
    Strategic Value Sullivan Offshore Fund L.P.   08/28/2024    Sale    278   $26.62 
    Strategic Value Excelsior Fund L.P.   08/28/2024    Sale    2,675   $26.62 
    Strategic Value Opportunities Fund, L.P.   08/28/2024    Sale    2,676   $26.62 
    Strategic Value Capital Solutions Offshore Fund L.P.   08/29/2024    Sale    7,699   $26.55 
    Strategic Value Sullivan Offshore Fund, L.P.   08/29/2024    Sale    664   $26.55 
    Strategic Value Capital Solutions Fund L.P.   08/29/2024    Sale    2,611   $26.55 
    Strategic Value Special Situations Fund IV, L.P.   08/29/2024    Sale    5,544   $26.55 
    Strategic Value Special Situations Offshore Fund IV, L.P.   08/29/2024    Sale    14,101   $26.55 
    Strategic Value Special Situations Fund V, L.P.   08/29/2024    Sale    9,232   $26.55 
    Strategic Value Special Situations Offshore Fund V, L.P.   08/29/2024    Sale    15,966   $26.55 
    Strategic Value Sullivan Offshore Fund L.P.   08/29/2024    Sale    251   $26.55 
    Strategic Value Excelsior Fund L.P.   08/29/2024    Sale    2,417   $26.55 
    Strategic Value Opportunities Fund, L.P.   08/29/2024    Sale    2,418   $26.55 
    Strategic Value Capital Solutions Offshore Fund L.P.   08/30/2024    Sale    15,863   $26.42 
    Strategic Value Sullivan Offshore Fund, L.P.   08/30/2024    Sale    1,367   $26.42 
    Strategic Value Capital Solutions Fund L.P.   08/30/2024    Sale    5,379   $26.42 
    Strategic Value Special Situations Fund IV, L.P.   08/30/2024    Sale    11,423   $26.42 
    Strategic Value Special Situations Offshore Fund IV, L.P.   08/30/2024    Sale    29,054   $26.42 
    Strategic Value Special Situations Fund V, L.P.   08/30/2024    Sale    19,021   $26.42 
    Strategic Value Special Situations Offshore Fund V, L.P.   08/30/2024    Sale    32,897   $26.42 
    Strategic Value Sullivan Offshore Fund L.P.   08/30/2024    Sale    517   $26.42 
    Strategic Value Excelsior Fund L.P.   08/30/2024    Sale    4,980   $26.42 
    Strategic Value Opportunities Fund, L.P.   08/30/2024    Sale    4,981   $26.42 
    Strategic Value Capital Solutions Offshore Fund L.P.   09/03/2024    Sale    9,957   $26.32 
    Strategic Value Sullivan Offshore Fund, L.P.   09/03/2024    Sale    858   $26.32 
    Strategic Value Capital Solutions Fund L.P.   09/03/2024    Sale    3,376   $26.32 
    Strategic Value Special Situations Fund IV, L.P.   09/03/2024    Sale    7,170   $26.32 
    Strategic Value Special Situations Offshore Fund IV, L.P.   09/03/2024    Sale    18,238   $26.32 
    Strategic Value Special Situations Fund V, L.P.   09/03/2024    Sale    11,939   $26.32 
    Strategic Value Special Situations Offshore Fund V, L.P.   09/03/2024    Sale    20,649   $26.32 
    Strategic Value Sullivan Offshore Fund L.P.   09/03/2024    Sale    324   $26.32 
    Strategic Value Excelsior Fund L.P.   09/03/2024    Sale    3,126   $26.32 
    Strategic Value Opportunities Fund, L.P.   09/03/2024    Sale    3,127   $26.32 

     

     

     

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