CBL & Associates, owners of Northpark Mall in Joplin, borrowed an additional $175 million under its $400 million unsecured credit facility between CBL and a group of banks led by Wells Fargo Bank, to buy its first mall in Louisiana, according to a filing Thursday with the Securities and Exchange Commission.
The new financing arrangement enabled CBL to complete a cash purchase of The Mall of Acadiana in Lafayette, La., which has more than 100 stores and restaurants, and is anchored by Dillard's, Foley's, Sears, and JCPenney.
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