CBL & ASSOCIATES PROPERTIES, INC. ANNOUNCES PUBLIC OFFERING.CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Sept. 7, 1995--CBL & Associates Properties, Inc. (NYSE NYSE See: New York Stock Exchange :CBL Cbl cobalamin. ) today announced that it plans to offer 3,640,000 shares of common stock in a follow-on public offering. Of the total shares, 3,500,000 shares will be offered in an underwritten offering Underwritten offering A purchase and sale. and 140,000 shares will be sold directly to senior management of the Company. Proceeds from the offering will be used to repay floating-rate indebtedness incurred to fund the Company's development and acquisition activities. The lead manager for the offering is Goldman, Sachs & Co., with co-managers being Donaldson, Lufkin & Jenrette Securities Corporation, A.G. Edwards & Sons, Inc., and Prudential Securities Incorporated. All of the shares in the public offering are being sold by the Company and will be issued pursuant to a shelf registration statement that was previously filed with and declared effective by the Securities and Exchange Commission. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification. Copies of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders supplement for the offering may be obtained from Investor Relations Investor relations The process by which the corporation communicates with its investors. , CBL & Associates Properties, Inc., One Park Place, 6148 Lee Highway, Chattanooga, Tennessee “Chattanooga” redirects here. For other uses, see Chattanooga (disambiguation). Chattanooga is the fourth-largest city in Tennessee (after Memphis, Nashville, and Knoxville), and the seat of Hamilton CountyGR6 37421, or from the underwriters. Contact Tripp Sullivan of CBL & Associates Properties, Inc. (615/855-0001). CBL & Associates Properties, Inc. is a real estate investment trust which owns regional malls and community shopping centers, primarily in the Southeast and select markets in the northeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company has a portfolio of 103 properties totaling 18.7 million square feet, manages an additional 2.3 million square feet of non-owned shopping centers, and presently has four new shopping centers under construction. CONTACT: CBL & Associates Properties Inc., Chattanooga John N. Foy, 615/855-0001 |
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