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Full title: Notice of New Convertible Notes Election Results. Filed by CBL & Associates Properties, Inc. (Perez, Alfredo)

Document posted on Sep 2, 2021 in the bankruptcy, 5 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

In re: § Chapter 11 § CBL & ASSOCIATES § PROPERTIES, INC., et al., § Case(as supplemented and amended, the “Plan”).2 PLEASE TAKE FURTHER NOTICE THAT, pursuant to the Plan, each Consenting Crossholder and Consenting Noteholder entitled to receive New Senior Secured Notes under the Plan was to entitled to elect, on a dollar-for-dollar basis, to substitute its allocated share of the New Senior Secured Notes for New Convertible Notes (the “New Convertible Notes Election”), subject to (i) the terms and caps set forth in Section 5.9 of the Plan and (ii)the election procedures established in the Amended Order (I) Approving Disclosure Statement and Form and Manner of Notice of Disclosure Statement Hearing, (II) Establishing Solicitation and Voting Procedures, (III) Scheduling Confirmation Hearing, (IV) Establishing Notice and Objection Procedures for 1 (the “Disclosure Statement Order”), the Convertible Notes Election Form for Senior Unsecured Notes Claims (Class 7 – Unsecured Claims), and the Consenting Crossholder Election Form for Class 4 (Consenting Crossholder Claims).NOTICE THAT, pursuant to the Convertible Notes Election Form, the Consenting Noteholders who chose to exercise the Convertible Notes Election were required to instruct their bank or broker “DTC Participant” holding the Senior Unsecured Notes to tender their Senior Unsecured Notes via DTC’s Automated Tender Program prior to the election expiration deadline of July 26, 2021 at 5:00 p.m. prevailing Eastern Time (the “Election Expiration Deadline”).

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re: § Chapter 11 § CBL & ASSOCIATES § PROPERTIES, INC., et al., § Case No. 20-35226 (DRJ) § Debtors.1 § (Jointly Administered) NOTICE OF NEW CONVERTIBLE NOTES ELECTION RESULTS PLEASE TAKE NOTICE THAT, on August 11, 2021, the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) entered an order (Docket No. 1397) (the “Confirmation Order”) confirming the Third Amended Joint Chapter 11 Plan of CBL & Associates Properties, Inc. and Its Affiliated Debtors (with Technical Modifications) (Docket No. 1369) (as supplemented and amended, the “Plan”).2 PLEASE TAKE FURTHER NOTICE THAT, pursuant to the Plan, each Consenting Crossholder and Consenting Noteholder entitled to receive New Senior Secured Notes under the Plan was to entitled to elect, on a dollar-for-dollar basis, to substitute its allocated share of the New Senior Secured Notes for New Convertible Notes (the “New Convertible Notes Election”), subject to (i) the terms and caps set forth in Section 5.9 of the Plan and (ii) the election procedures established in the Amended Order (I) Approving Disclosure Statement and Form and Manner of Notice of Disclosure Statement Hearing, (II) Establishing Solicitation and Voting Procedures, (III) Scheduling Confirmation Hearing, (IV) Establishing Notice and Objection Procedures for 1 A complete list of the Debtors in these chapter 11 cases may be obtained on the website of the Debtors’ claims and noticing agent at https://dm.epiq11.com/CBLProperties. The Debtors’ service address for the purposes of these chapter 11 cases is 2030 Hamilton Place Blvd., Suite 500, Chattanooga, Tennessee 37421. 2 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan or the Disclosure Statement Order (defined below), as applicable.

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Confirmation of the Proposed Plan, (V) Approving Notice Procedures for the Assumption and Assignment of Executory Contracts and Unexpired Leases, and (VI) Granting Related Relief (Docket No. 1168) (the “Disclosure Statement Order”), the Convertible Notes Election Form for Senior Unsecured Notes Claims (Class 7 – Unsecured Claims), and the Consenting Crossholder Election Form for Class 4 (Consenting Crossholder Claims). PLEASE TAKE FURTHER NOTICE THAT, pursuant to the Convertible Notes Election Form, the Consenting Noteholders who chose to exercise the Convertible Notes Election were required to instruct their bank or broker “DTC Participant” holding the Senior Unsecured Notes to tender their Senior Unsecured Notes via DTC’s Automated Tender Program prior to the election expiration deadline of July 26, 2021 at 5:00 p.m. prevailing Eastern Time (the “Election Expiration Deadline”). Pursuant to the Consenting Crossholder Election Form, the Consenting Crossholders who chose to exercise the Convertible Notes Election were required to complete and return the election form prior to the Election Expiration Deadline. PLEASE TAKE FURTHER NOTICE THAT the Debtors hereby file results of the New Convertible Notes Election, attached hereto as Exhibit A, as tabulated by the Debtors’ solicitation agent, Epiq Corporate Restructuring, LLC. [Remainder of page intentionally left blank.]

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Dated: September 3, 2021 Houston, Texas Respectfully submitted, /s/ Alfredo R. Pérez WEIL, GOTSHAL & MANGES LLP Alfredo R. Pérez (15776275) 700 Louisiana Street, Suite 1700 Houston, Texas 77002 Telephone: (713) 546-5000 Facsimile: (713) 224-9511 Email: Alfredo.Perez@weil.com -and- WEIL, GOTSHAL & MANGES LLP Ray C. Schrock, P.C. (admitted pro hac vice) Garrett A. Fail (admitted pro hac vice) Moshe A. Fink (admitted pro hac vice) 767 Fifth Avenue New York, New York 10153 Telephone: (212) 310-8000 Facsimile: (212) 310-8007 Email: Ray.Schrock@weil.com Garrett.Fail@weil.com Moshe.Fink@weil.com Attorneys for Debtors and Debtors in Possession

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Certificate of Service I hereby certify that on September 3, 2021, a true and correct copy of the foregoing document was served by the Electronic Case Filing System for the United States Bankruptcy Court for the Southern District of Texas. /s/ Alfredo R. Pérez Alfredo R. Pérez

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Exhibit A New Convertible Notes Election Results
Table 1 on page 5. Back to List of Tables
CUSIP Description Total Principal Total Principal
Tendered to
Exercise Election
Percent
Tendered
12505JAA1 2023 Notes $450,000,000 $362,963,000 80.66%
12505JAB9 2024 Notes $300,000,000 $251,103,000 83.70%
12505JAD5 2026 Notes $625,000,000 $484,936,000 77.59%
Total $1,375,000,000 $1,099,002,000 79.93% Consenting Crossholder Elections Amount of Consenting Crossholder Claims $127,556,752.63

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