Securities Exchange Act of 1934 -- Form 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report:
June 26, 2003
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CBL & ASSOCIATES PROPERTIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-12494 62-1545718
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification Number)
incorporation)
2030 Hamilton Place Boulevard, Chattanooga, TN 37421
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(Address of principal executive offices)
Registrant's telephone number, including area code:
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(423) 855-0001
1
ITEM 5. Other Events
On July 25, 2003, CBL & Associates Properties, Inc. (the "Company")
announced that on June 26, 2003, the Company had entered into purchase
agreements to acquire 100% of four regional shopping malls owned by affiliates
of Faison Enterprises: Cross Creek Mall in Fayetteville, North Carolina, River
Ridge Mall in Lynchburg, Virginia, Southpark Mall in Colonial Heights, Virginia
and Valley View Mall in Roanoke, Virginia. The total purchase price for the four
malls is $340,000,000 which includes the Company's assumption of approximately
$170,000,000 of nonrecourse debt with an average annual fixed rate of interest
of 7.71%. The four malls comprise an aggregate of 3.25 million square feet and
as of April 1, 2003, had a weighted average occupancy rate of 90.3%. We expect
to close the acquisitions of the four malls in the third and fourth quarters of
2003. The press release announcing these agreements is attached as exhibit 99.1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CBL & ASSOCIATES PROPERTIES, INC.
/s/ John N. Foy
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John N. Foy
Vice Chairman,
Chief Financial Officer and Treasurer
(Authorized Officer of the Registrant,
Principal Financial Officer and
Principal Accounting Officer)
Date: August 15, 2003
EXHIBIT INDEX
Exhibit
Number Description
99.1 Press Release - Dated July 25, 2003