CBL Properties (NYSE:CBL) announced today that it closed a $71.9 million non‑recourse loan secured by Hamilton Place in Chattanooga, Tennessee. The five‑year loan bears a fixed interest rate of 6.8% and replaces the property's existing $85.5 million loan, which was scheduled to mature in June.

"Hamilton Place is a core asset within our portfolio, and this financing, along with the more than $1.5 billion in financing activity completed over the past year, highlights our continued ability to access attractively priced capital," said Ben Jaenicke, Executive Vice President and Chief Financial Officer of CBL Properties. "In 2026, we have made significant progress extending our maturity profile while enhancing free cash flow through improved debt structures. This transaction builds on that momentum and further strengthens our ability to create long‑term value for our shareholders."

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's owned and managed portfolio is comprised of 87 properties totaling 55.1 million square feet across 23 states, including 55 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 20 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

Information included herein contains "forward-looking statements" within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company's various filings with the Securities and Exchange Commission, including without limitation the Company's Annual Report on Form 10-K and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" included therein, for a discussion of such risks and uncertainties.

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Investor Contact:

Katie Reinsmidt,

Executive Vice President & Chief Operating Officer

423.490.8301

Katie.Reinsmidt@cblproperties.com

CBL Properties Announces $71.9 Million Non-Recourse Loan Secured by Hamilton Place in Chattanooga, TN