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Tag: skipped

Mall owner CBL says it’s in forbearance over skipped interest payment

CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties Mall owner CBL & Associates said Wednesday it has entered into a forbearance agreement with its lenders over a missed interest payment.  With bills piling up and many of its retail tenants opting to not pay rent during the coronavirus pandemic, CBL did not make an $11.8 …

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JC Penney says it skipped a $12 million interest payment

Pedestrians pass a JC Penney store in New York. Scott Mlyn | CNBC J.C. Penney said Wednesday that it has chosen not to make a roughly $12 million interest payment due on April 15, as the coronavirus pandemic takes a toll on its business. It is entering into a 30-day grace period “in order to evaluate …

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