CBL & Associates: Canyon sells 1.31M shares

The reported ownership percentage uses 30,942,757 CBL shares outstanding as of August 3, 2026.

Rhea-AI Filing Summary

CBL & Associates Properties, Inc. (CBL) reported that Canyon Capital Advisors LLC, acting as investment advisor for managed accounts that directly held the shares, sold 1,307,500 common shares on October 6, 2026, at $52.19 per share through an open market transaction. The sale decreased reported beneficial ownership by more than 1% of outstanding common stock. The reported ownership percentage is calculated using 30,942,757 shares outstanding as of August 3, 2026.

Key Figures

Common shares sold: 1,307,500 shares Sale price: $52.19 per share Common shares outstanding: 30,942,757 shares +1 more

4 metrics

Common shares sold 1,307,500 shares October 6, 2026, open market transaction

Sale price $52.19 per share October 6, 2026, open market transaction

Common shares outstanding 30,942,757 shares As of August 3, 2026; used to calculate the reported ownership percentage

Beneficial ownership decrease More than 1% of outstanding common stock Decrease resulting from the October 6, 2026 sale

Key Terms

beneficial ownership, Sole Dispositive Power, Shared Voting Power, open market transaction

4 terms

beneficial ownership financial

"decrease in the Reporting Persons' beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole Dispositive Power financial

"Sole Dispositive Power 6,108,794.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Shared Voting Power financial

"Shared Voting Power 6,108,794.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

open market transaction financial

"sold an aggregate of 1,307,500 shares of Common Stock ... through open market transaction"

An open market transaction is a buy or sell of publicly traded securities executed on an exchange or other public trading venue where many buyers and sellers can participate. It matters to investors because these trades change the visible supply and demand for a stock—like shoppers moving prices in a busy marketplace—affecting share price, liquidity (how easily you can trade), and sometimes the balance of ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CBL shares did Canyon Capital Advisors sell, and at what price?

Canyon Capital Advisors LLC sold 1,307,500 shares of CBL common stock at $52.19 per share on October 6, 2026, through an open market transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/08/2026 - 06:00 PM Accepted by SEC EDGAR 10/08/2026 - 06:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

CBL & Associates Properties, Inc.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

124830878

(CUSIP Number)

Canyon Partners, LLC
2728 North Harwood Street, 2nd Floor, Attention: Jonthan M. Kaplan
Dallas, TX, 75201
(214) 253-6000

Copy to: Robert W. Downes
Sullivan & Cromwell LLP, 125 Broad Street
New York, NY, 10004
(212) 558-4312

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/06/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 124830878

1

Name of reporting person

Canyon Capital Advisors LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 6,108,794.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 6,108,794.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.7 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP Number(s): 124830878

1

Name of reporting person

Mitchell R. Julis

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 6,108,794.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 6,108,794.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.7 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 124830878

1

Name of reporting person

Joshua S. Friedman

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 6,108,794.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 6,108,794.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.7 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.001 par value
(b)	Name of Issuer: CBL & Associates Properties, Inc.
(c)	Address of Issuer's Principal Executive Offices: 2030 Hamilton Place Blvd., Suite 500, Chattanooga, TENNESSEE , 37421-6000.
Item 1 Comment: This Amendment No. 6 (this "Amendment No. 6") supplements the information set forth in the Schedule 13D filed by Canyon Capital Advisors LLC ("CCA"), Mr. Mitchell R. Julis, Mr. Joshua S. Friedman and Mr. Jonathan M. Heller (collectively, the "Reporting Persons") with the United States Securities and Exchange Commission (the "SEC") on November 9, 2021, as amended by Amendment No. 1 thereto filed on February 7, 2022, by Amendment No. 2 thereto filed on March 2, 2022, by Amendment No. 3 thereto filed on August 10, 2022, by Amendment No. 4 thereto filed on October 16, 2024 and by Amendment No. 5 thereto filed on May 26, 2026 (the "Schedule 13D") relating to the shares of common stock, $0.001 par value per share (the "Common Stock"), of CBL & Associates Properties, Inc., a Delaware corporation (the "Issuer"). This Amendment No. 6 is being filed to reflect a sale of shares of Common Stock by the Reporting Persons on October 6, 2026 resulting in a decrease in the Reporting Persons' beneficial ownership by more than 1% of the outstanding Common Stock. The Reporting Persons' beneficial ownership percentage has been calculated based on 30,942,757 shares of Common Stock outstanding as of August 3, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 7, 2026. The Issuer's principal executive offices are located at 2030 Hamilton Place Blvd., Suite 500, Chattanooga, TN 37421. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. The Schedule 13D is hereby supplementally amended as follows:
Item 5.	Interest in Securities of the Issuer
(a)	See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock. The percentage reported in this Schedule 13D is calculated based upon 30,942,757 shares of Common Stock outstanding as of August 3, 2026, as reported in the Issuer's Current Report on Form 10-Q filed with the SEC on August 7, 2026.
(b)	See rows (7) through (10) of the cover pages to this Schedule 13D for the number of shares of Common Stock.
(c)	On October 6, 2026, CCA, with respect to the shares of Common Stock directly held by certain managed accounts ("Accounts") with respect to which it acts as investment advisor, sold an aggregate of 1,307,500 shares of Common Stock for the account of those Accounts at $52.19 per share through open market transaction.
(d)	No person other than the Reporting Persons and the Accounts is known to have the right to participate in the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock held by the Accounts.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.1: Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Act (incorporated by reference to Exhibit 99.1 to Schedule 13D filed by the Reporting Persons with the SEC on November 9, 2021). Exhibit 99.2: Commitment Letter, by and among the Issuer, the Operating Partnership, CCA and other commitment parties thereto, dated as of April 26, 2021 (incorporated by reference to Exhibit 99.2 to Schedule 13D filed by the Reporting Persons with the SEC on November 9, 2021). Exhibit 99.3: Registration Rights Agreement, by and among the Issuer and the other parties thereto and any additional parties identified on the signature pages of any joinder agreement executed and delivered pursuant thereto, dated as of November 1, 2021 (incorporated by reference to Exhibit 10.5 to Form 8-K filed by the Issuer with the SEC on November 2, 2021). Exhibit 99.4: Exchangeable Notes Indenture, by and among the New Notes Issuer, the guarantors thereto, the Issuer, Wilmington Savings Fund Society, FSB, as trustee and collateral agent, dated as of November 1, 2021 (incorporated by reference to Exhibit 10.3 to Form 8-K filed by the Issuer with the SEC on November 2, 2021). Exhibit 99.5: Director Resignation Agreement, between Canyon Partners LLC and Jeffrey Kivitz, dated as of August 9, 2022 (incorporated by reference to Exhibit 99.5 to Amendment No.3 to Schedule 13D filed by the Reporting Persons with the SEC on August 10, 2022).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Canyon Capital Advisors LLC

Signature:	/s/ Douglas Anderson
Name/Title:	Doug Anderson, Chief Compliance Officer
Date:	10/08/2026

Mitchell R. Julis

Signature:	/s/ Mitchell R. Julis
Name/Title:	Mitchell R. Julis
Date:	10/08/2026

Joshua S. Friedman

Signature:	/s/ Joshua S. Friedman
Name/Title:	Joshua S. Friedman
Date:	10/08/2026