| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CBL | Common Stock | Other | +16.4K | +0.51% | 3.22M | Nov 8, 2023 | See footnote | F1, F2, F3 |
| Id | Content |
|---|---|
| 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. |