- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
October 13 2010 - 10:47AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Issuer Free Writing Prospectus
Dated October
13
, 2010
Registration Statement
No. 333-161182
CBL &
ASSOCIATES PROPERTIES, INC.
4,400,000
Depositary Shares each representing 1/10
th
of a share of 7.375%
Series D Cumulative Redeemable Preferred Stock
(Liquidation Preference $25.00 per depositary share)
FINAL
PRICING TERMS
Issuer:
|
CBL &
Associates Properties, Inc.
|
|
|
Title
of Shares:
|
Depositary
Shares each representing 1/10
th
of a share of 7.375% Series D
Cumulative Redeemable Preferred Stock (Liquidation Preference $25.00 per
depositary share)
|
|
|
Number
of Shares:
|
4,400,000
|
|
|
Over-allotment
Option (shares):
|
660,000
|
|
|
Maturity:
|
Perpetual
|
|
|
Trade
Date:
|
October 13,
2010
|
|
|
Settlement
Date:
|
October 18,
2010 (T+3)
|
|
|
Dividend
Rate:
|
7.375%
|
|
|
Dividend
Payment Dates:
|
March 30,
June 30, September 30 and December 30, commencing
December 30, 2010
|
|
|
Optional
Redemption:
|
Redeemable,
at any time, in whole or from time to time in part, for cash at $25.00 per
depositary share, plus accrued and unpaid dividends, if any, to and including
the redemption date
|
|
|
Yield
(including accrued dividend):
|
7.949%
|
1
Yield
(excluding accrued dividend):
|
8.00%
|
|
|
Public
Offering Price:
|
$23.1954
|
|
|
Purchase
Price by Underwriters:
|
$22.4694
|
|
|
Net
Proceeds (before expenses):
|
$98,865,360
|
|
|
Underwriting
Commission:
|
$3,194,400
|
|
|
Sole
Book Runner:
|
Wells
Fargo Securities, LLC
|
|
|
Co-Manager:
|
RBC
Capital Markets Corporation
|
|
|
Listing/Symbol:
|
NYSE/
CBLPrD
|
|
|
ISIN:
|
US1248306052
|
|
|
CUSIP:
|
124830605
|
The
issuer has filed a registration statement (including a prospectus) and a
preliminary prospectus supplement with the SEC for the offering to which this
communication relates. Before you
invest, you should read the prospectus in that registration statement, the
preliminary prospectus supplement and other documents the issuer has filed with
the SEC for more complete information about the issuer and this offering. You may get these documents for free by
visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or
any dealer participating in the offering will arrange to send you the
prospectus and preliminary prospectus supplement if you request it by calling
Wells Fargo Securities, LLC toll-free at 1-800-326-5897.
2
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